ITHACA, N.Y. (WHCU) – The Bureau of Labor Statistics will release the jobs report for November on Friday. Economists say it’ll continued evidence of a stalled recovery.
Russell Weaver, an economic geographer with Cornell University’s School of Industrial and Labor Relations, says businesses in New York, especially in the retail and food services industries, are still struggling to rehire employees and new unemployment claims are continuing to trend upward.
And while nationwide, unemployment is expected to be down by about a tenth of a percent, the stagnant economy is still struggling to come back from the massive losses in March and April.