City Residents Feel Economy's Pain

Summary


"New Yorkers are hurting and scared," says Craig Charney, president of Charney Research, the firm that conducted the poll. "These numbers are startling and far worse than anything we've seen, even in the last recession."

"In 2003, there still wasn't job growth," says James Parrott, chief economist at the Fiscal Policy Institute. '?e? here we are, seemingly on the cusp of this downturn, and [people feel] it's already worse than 2003."

"They're pretty clear-eyed about the direction this is headed," says Mr. Parrott. "Very few people have confidence that they'll be insulated from job cuts."

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City Residents Feel Economy's Pain

Wall Street's worst collapse since the Great Depression has put a scare into New Yorkers, with nearly 40% believing their jobs are at risk, a new Crain's New York Business poll shows.

A growing fear that job losses will ri...

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