WASHINGTON — White House economic advisers are warning that New York State could lose $1.2 billion of economic activity for each week the U.S. government remains shut down — or $5.3 billion per month.
Unemployment in the state would jump by about 2,600 workers a month, according to an analysis by The Council of Economic Advisers, an agency that advises the president. A fact sheet also notes there are around 115,000 federal workers in New York, or about 1.2% of the state workforce, and most federal workers will be furloughed or required to work without pay.
"CEA analysis indicates that a shutdown may have wide-ranging economic effects that reduce the prospects of New York constituents through lower growth, higher unemployment and disruptions to Social Security and nutritional support to w