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New York City Suffers Economic Downturn

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New York City Suffers Economic Downturn

New York City Suffers Economic Downturn

New York City Suffers Economic Downturn

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  • <iframe src="https://www.npr.org/player/embed/1270285/1270286" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

With the slowdown on Wall Street and the effects of the Sept. 11 attacks still lingering, New York City struggles through its toughest economic climate in years. Unemployment is at 8.5 percent — the highest of any major metropolitan area in the nation. Commercial real estate vacancy rates are up and retail sales are down. Hear NPR's Jim Zarroli.