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This article reports that the Bronx is setting a trend of declining unemployment rates, dipping to a current rate of 6.8 percent, down from its peak rate of 9.9 percent that was recorded in January 2003. According to statistics from the New York State Department of Labor, this is the lowest rate of unemployment in the last four years since launching Bronx-At-Work, an initiative that puts over 20,000 residents to work. The steepest decline in rates occurred from 2004 through July 2005. Although labor market analyst Jim Brown confirms a forthcoming revision in the numbers, the borough is reportedly among the top ten most productive counties, credited with the creation of an estimated 71 percent of new, private-sector jobs for the city overall.

Wall Street investors sold off on Thursday as light trading amplified concerns about foreign debt and a weaker-than-expected report on the labor market. As traders turned away from the risks of the stock market, the dollar strengthened, hitting a three-month high against the euro. [ABSTRACT FROM PUBLISHER]

The article presents information on the problem of unemployment in New York City. New York City's labor market is far from fully recovered from the recent recession. The expansion has spurred employment gains, especially for less educated men, but the increased demand for these workers has not been strong enough to generate wage increases that can keep pace with the rising rate of inflation. Men experienced greater gains in employment than women, with black men showing the greatest increase in job holding over the two-year period, from 51.8 percent to 63.1 percent.

Reports on the increase of New York City residents applying for real estate licenses in 2004. Rise in the number of people holding broker or sales agents licenses in New York City; Discussion of an expected income for real estate agents; Decline of commissions because of greater competition; Increase of enrollment at the New York Real Estate Institute.

Reports on the unemployment rate of black men in New York City. Reference to a study by the Community Service Society examining trends in joblessness in the city; Focus on the employment-population ratio; Factors that may have made the problem of joblessness for disadvantaged men worse including welfare reform, high rates of incarceration producing gaps in job history and competition with immigrants for low-skill jobs; Decline of labor force participation among disadvantaged me; Comments made by Mindy Tarlow of the Center for Employment Opportunities; Claim that service jobs are uninterested in hiring black men for jobs that require customer or client contact.

Focuses on a report which showed a transient work force in Manhattan, New York City.