Word on the Street: Economy

Despite the busy holiday season, U.S. employees only added 74,000 jobs in December, below the average gain of 214,000 jobs in recent months, according to

THE BRONX - Despite the busy holiday season, U.S. employees only added 74,000 jobs in December, below the average gain of 214,000 jobs in recent months, according to the December labor report.

The drop occurred in part because more Americans stopped looking for work.

Cold weather may have also slowed hiring, as construction firms cut 16,000 jobs last month.

News 12 asked residents what they thought about the job market in the borough.

One resident said she hopes that things are getting better because a lot of people are in need, especially parents and married couples.

Another resident said he believes the economy is having problems mainly because of the Federal Reserve Bank. He believes privately owned institutions are taking people’s money and the majority of tax dollars that are spent goes to the Federal Reserve Bank, which he claims squanders it away.

advertisement | advertise on News 12

Trending Video

News 12 hit the streets to find out, 1 Word on the Street: Worst Highway in NYC
Hundreds were on hand to honor an FDNY 2 Family, friends to say final goodbye to fallen FDNY EMT
The incident happened on March 15, inside the 3 VIDEO: Deli Plus Grocery shooting exclusive video
A relatively short-lived wave formation, usually on the 4 5 New clouds added to International Cloud Atlas
Kim Crawford pleaded guilty to manslaughter in the 5 Bronx mother accepts plea deal in son’s death

advertisement | advertise on News 12

More News

Viewers weigh in on trending topics in our Hear More: Word on the Street

Viewers weigh in on trending topics in our Word on the Street segment.

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE