Streams

Practical Economics: Dogs, Cats, & Shoes

Friday, August 07, 2009

The Labor Department released unemployment numbers this morning, indicating that only 247,000 jobs were lost in July, as compared to 443,000 in June. The unemployment rate fell from 9.5 to 9.4, the first drop since April 2008, leading some to cautiously suggest that the worst of the recession is over.

The Takeaway's Femi Oke reports on some NYC indicators of the economic health. First stop: the ASPCA, where the rates of pet adoptions tend to follow people's economic well-being. Could the dogs here give us a peek at which direction the economy is going?

Next stop: Wall Street, but not to visit the banks. Instead, Femi spoke with cobbler Minas Polychronakis, who for over 30 years has been repairing shoes for rich and poor alike.

By John Hockenberry, Amy Holmes, Femi Oke, Adam Hirsch, David J Fazekas

Tags:

More in:

Leave a Comment

Email addresses are required but never displayed.

Get the WNYC Morning Brief in your inbox.
We'll send you our top 5 stories every day, plus breaking news and weather.

Sponsored

Latest Newscast

 

 

Support

WNYC is supported by the Charles H. Revson Foundation: Because a great city needs an informed and engaged public

Feeds

Supported by