City jobless rate dips in June to 9.5%

This just in, the jobless rate in New York City continues to slowly drop as more and more jobs are becoming available for the public.

Can this trend continue? People say that it's only possible if unemployment benefits are extended and retail hiring becomes aggressive. They are counting on more corporate profits and tourist spending.

Consumer spending has to go way up to stimulate growth. I don't know if that is possible in certain industries. I still think we're saving money a little too much. You need to spend some to gain some.

What do you think?