NYT metro reporter Gina Bellafante critiques Mayor Bloomberg’s claims of job creation in New York City:

Despite job growth in certain knowledge-class and service sectors, unemployment has been rising. On Thursday, the State Labor Department reported that the city’s unemployment rate climbed to 10 percent in June, exceeding the national figure by close to two percentage points. The unemployment rate in the city is now nearly twice what it was five years ago and has been running higher than the figures for Atlanta, Boston, Houston and Chicago.

While it is indeed a very good time to be moving to New York with a Stanford M.B.A. and a business plan to create the Twitter of 2014 (as suggested by the barely post-adolescent tech entrepreneur Josh Miller when he stood next to the mayor at a press event in May), it is a far less auspicious moment to be someone who already lives here and is looking for cleaning work, say, in the offices of the Twitter of 2012.

Bellafante reports that low-wage workers in New York are battling high unemployment and dwindling purchasing power. In the 1960s and ’70s a full time job at minimum wage was enough to lift a family above the poverty line, but that is no longer the case, according to a recent by a local social justice organization. Today’s full-time minimum wage worker supporting a family of three makes just 82% of the federal poverty threshold.

[Photo credit: Shawn Hoke, Creative Commons.]