Even though the Dow Jones Industrial Average is on the way back up this week, thousands of New Yorkers have lost their jobs in the last several months in the financial crisis. As one large financial firm after another has failed or been swallowed by others, the city's tax base and service industries that depend on the high pay of the financial industry, which account for an estimated one-third of all wages earned in the city. Now New York is bracing for the continuing impact of the financial meltdown. VOA's Carolyn Weaver talked to a variety of New Yorkers about the mood of the city and what they expect next.
Even though the Dow Jones Industrial Average is on the way back up this week, thousands of New Yorkers have lost their jobs in the last several months in the financial crisis. As one large financial firm after another has failed or been swallowed by others, the city's tax base and service industries that depend on the high pay of the financial industry, which account for an estimated one-third of all wages earned in the city. Now New York is bracing for the continuing impact of the financial meltdown. VOA's Carolyn Weaver talked to a variety of New Yorkers about the mood of the city and what they expect next.
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