NYC-WTC_000152373

z z o o CD

s “0

'2 o o c CT o' "0 tn o ro a. CaJ CD 9L O o o c 3 o 3

City faces loss of nearly 110,000 jobs By BRIAN KATES es still without phone service twin towers and is expected to Restaurants are expected to DAILY NEWS STAFF WRITER and shoppers and diners feeling lose 12,200 jobs before the end lose 11,900 workers. Hotels, The city could lose a stagger- more cautious, the study also of October. The cost to the econ- which have already lost 3,200 ing 108,500 jobs in the next forecasts a 10% drop in consum- omy; $4.4 billion, according to jobs, are expected to see a total month as a result of the terror at- er spending because of the at- the study. loss of 4,300 by next month. tack, according to a study re- tack. Normally, consumers The securities sector has ac- Broadway and Off-Broadway leased yesterday by the New spend $200 million in the city ev- counted for roughly half of the theaters will furlough 7,800 ac- York City Central Labor Coun- ery year. city’s economic activity since tors, musicians and crew mem- cil. The report is the first detailed the 1990s, even though it ac- bers. The report puts the loss at breakdown of the economic im- counts for only about 5% of the Also hard-hit are air transpor- 2.4% of the city’s workforce, pact of the Sept. 11 attack to be total payroll. tation(5,300jobslost),advertis- with a combined payroll of $6.7 made public. It was prepared for Retailing is expected to lose ing (2,700); insurance carriers billion. The cost to the economy, the labor council by the Fiscal 12,200 jobs, with an economic (2,500); real estate (2,300) and factoring in lost production and Policy Institute, a nonpartisan cost of $684 million. computer and data processing .spending, is estimated at a thinktank. In the aftershocks, tourism ■— (2,300). whopping $16.9 billion. Hardest hit is the securities in- including hotels, restaurants The Central I^ibor Council is With store.s below 14th St. dustry, which lost hundreds of and the theater — also will take a consortium of 375 local closed for days, many business- workers in the collapse of the monumental hits. unions. .:

OQllU Ne^ qaAoi