The unemployment rate has fallen below double digits for the first time in years. according to New York State's Department of Labor.
Let's see which politician decides to take that credit.... “When I first became borough president, I made it clear that job creation would be a top priority of my administration. Over the past five years my office, in partnership with the Bronx Overall Economic Development Corporation, city and state officials, our business community, no-profits and everyday Bronxites, we have worked hard to create thousands of new jobs in The Bronx. What we are doing is working,” said Bronx Borough President Ruben Diaz Jr.
The borough has had a double-digit unemployment rate since January 2009, when it stood at 10.2 percent, peaking at 13.9 in January 2010. One year ago, in August 2013, the borough’s unemployment rate stood at 12.1 percent.
Meanwhile, the unemployment rate for many metro areas, counties and states tumbled in August as students left the labor force to head back to school.
Now, let's wait and see what future statistics show us over the long term.