Unemployment situation in Buffalo, NY
Updated : March 24th, 2023
All of us know that the greatest effect of recession has been unemployment. There has been lot of depression and frustration due to this.
As the President Barack Obama will make a stop at Buffalo, NY, the economically hassled people are planning to welcome him with a billboard that says “Dear Mr.President, I need a freakin job. Period.” Actually this is a part of the campaign organized by Jeff Baker who had his own small business in Buffalo. It seems that his establishment had employed about twenty five people and all of them lost their jobs. The New York State unemployment situation has seen many such stories.
The news reports state that Buffalo suffers from one of the country’s highest poverty rates with nearly 30% of its population living at or below the poverty line, but has weathered the most recent recession a little better than the national average. The unemployment rate in Buffalo currently stands at 8.6 percent while the national average is 9.7 percent.
The state has almost lost 30,600 jobs in the manufacturing sector alone last year.
When spoken to, Mr. Burton, President Obama’s Deputy Press Secretary, assured that the President would be there to speak about the jobs and how his administration would emphasize on small businesses to create jobs. He said that the President has been taking lot of initiatives to create jobs.
It is true that the state has been looking forward to the President’s visit eagerly.
For the unemployment benefits comparison by state, you can refer here.Related Tags : Buffalo, NY unemployment, NYS, unemployment