CityWatch: New York City hit peak pandemic unemployment last month, as the jobless rate reached 18.3%

CityWatch: New York City hit peak pandemic unemployment last month, as the jobless rate reached 18.3%

Nearly one in five New York City workers were out of a job in May, as the nation’s viral epicenter remained under lockdown for all of last month. 

As the five boroughs head toward the next phase of reopening on Monday, the latest figures provide a grim snapshot of what was likely peak joblessness in the city — a level of unemployment Mayor Bill de Blasio has likened to Great Depression levels.…

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