NYC Homelessness Record High Despite Falling Unemployment Rate

Salil Mehta at Statistical Ideas investigates the homeless rate in New York City. Mehta notes the streets are flourishing with a severe homelessness problem that’s escalating briskly despite a falling unemployment rate. Please consider a The Empire City of Homelessness. Annual Growth Rate of Homeless Record High Homeless Note the huge surge in homelessness after the Great Recession ended. Curiously, New York City is also the only place in the U.S. required to provide temporary housing to anyone needing it. Yet as homelessness rises across big cities nationally, it rose at the fastest clip in the Big Apple. City-by-City Comparison War on Homelessness Mehta wisely avoids offering solutions. “We don’t provide any strong remedy for such a complex and expensive social issue,” says Mehta. The government-sponsored war on poverty failed as have all sorts of other ridiculous wars, including real wars. Moreover, the war on terror has turned into a war of terror. @salilstatistics NYC Homelessness Record High. https://t.co/pAeqhU69Q0 If free shelter doesn't work, then free shelter cannot be the answer. — Mike Mish Shedlock (@MishGEA) January 5, 2017

Source: ZeroHedge

NYC Homelessness Record High Despite Falling Unemployment Rate

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