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Bloomberg

NEW YORK (CNNMoney) -- New York City Mayor Michael Bloomberg is worried that high U.S. unemployment could lead to the same kind of riots here that have swept through Europe and North Africa.

"You have a lot of kids graduating college, (who) can't find jobs," said Bloomberg, during his weekly radio show on Friday. "That's what happened in Cairo. That's what happened in Madrid. You don't want those kinds of riots here."

That was the mayor's response when asked about the poverty rate, which rose to 15.1% in 2010, its highest level since 1993, according to census data released Tuesday. About 46.2 million people are now living in poverty, 2.6 million more than last year.

To read the full, original article click on this link: Jobs crisis may spark riots - New York City Mayor Bloomberg - Sep. 16, 2011

Author: Aaron Smith