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Today's Featured City #New York, NY - #New York's economy not only grew during the eighties but also underwent a restructuring. Manufacturing witnessed a decline in its share of total employment from 20% in 1980 to 14% in 1990. Apparel, industrial machinery and equipment, and primary metals accounted for 40% of the total loss of jobs. Industrial output, however, increased 10.1% between 1980 and 1987. Productivity gains produced both the rise in output and the decline in employment. Construction boomed from 1982–89, increasing its share of employment from 2.9% to 3.8%. The service sector, particularly business-related, health care, education and social services grew 52% in the decade, increasing services' share of employment from 24% in 1980 to 29% in 1990. Finance, insurance, and the real estate industry expanded 64%. The surge in financial services employment ended with the crash of the stock market in October of 1987, in which stock prices dropped 36% in two months. The crash prompted the layoff of 9,000 employees on Wall Street and a downsizing of the banking and securities industries. More than $1 trillion in financial transactions took place per day on the NYSE in 2000.

Something something Irving Berlin / Midtown Manhattan / Canon AE-1 / Canon FD 50mm / Kodak Portra 400

San Diego, California. 🌴☀ The city ranked No. 1 in the USA, as the city with the best weather year-round. Temperatures are between 21 to 26 Celsius. ••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••• #sandiego #sun #sundiego #ca #california #unitedstates #travelinspiration #travel #palms #city #citylandscape #citylife #people #walk #sightseeing #usa #bigcity #noclouds #clearsky #skyscrapers #architecture #bestweather #numberone

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