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add to facebookWall Street Woes Hit the Nursery
BrittG | | 
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Using babysitters less? Is the state of the economy impacting your decision to hire a caregiver for a night on the town? According to the NY Magazine, the nanny unemployment rate is up.
* By S.Jhoanna Robledo
* Published Aug 17, 2008
"As Wall Streeters feel the pinch, they’re no longer hiring so many nannies. 'It’s been a week and no one’s called,' says Christopher Sager, an out-of-work Soho nanny. 'There are, like, 300-plus people looking at two jobs.' Caregivers face lost jobs, reduced hours, pay cuts, and added responsibilities as wealthy families trim household staff. Genevieve Thiers of SitterCity.com says her babysitter-listing service has fielded more than 2,500 new job seekers since February, up from 1,300 in the previous six months.
The number of child-care postings on Craigslist jumped three months ago, as more out-of-work nannies advertised their services. And Alan Friedman of A Choice Nanny says requests for part-timers have risen 20 percent, as families downsize from full-time help. But he’s not worried. 'We’ve been through this before,' he says, 'and we’ll be back.'"
Visit the full article: http://nymag.com/news/intelligencer/49292/
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