RECESSION WATCH

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FYI: The city comptroller still doesn’t have anything good to say about the economy: unemployment is still over eight percent, jobs are still leaving by the thousands and commercial vacancies keep climbing according to Comptroller William Thompson, Jr.’s economic report for the second quarter of 2003, released this morning. Unemployment fell from 8.6 percent in the first quarter, but dropped only to 8.2 percent, and the city lost 10,600 jobs. And while the national Gross Domestic Product rose 3.1 percent, the city’s dropped 0.8 percent. [9/2/03]