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Jobs boom has softer ripple

from Crain's New York Business

New York is not just digging itself — and the country — out of its economic hole. It's scratching and clawing for every dollar. The city in August generated 9,100 jobs, staying on the record pace that would make 2012 its strongest year of job growth since numbers were first tracked half a century ago. The trend has perpetuated all year, astonishing economists. The city again accounted for an outsize portion of the jobs created nationwide (approximately 96,000 in the month). New York makes up 2.9 percent of the country's labor force but has generated nearly 8 percent of the nation's job gains this year. more


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