New York's Recession Isn't As Bad As The Other Cities (better, America)

[nycricanpapi]

http://www.nytimes.com/2010/08/31/ny...er=rss&emc=rss

The typical New Yorker is less likely to be unemployed or facing foreclosure or bankruptcy than the average American. Homes in the metropolitan area have held their value better than in most other big cities as more people are moving to the region than deserting it. Tourists continue to flock to the city, filling hotel rooms at the highest rate in the country, and at rising prices.

[west336]

It's too big and diversified to really be hit hard by a recession. Even though it got hit very hard in the finance/banking sector....I bet those jobs are scarce.