Poll: Most LIers see economic rebound far off
A strong majority of Long Island residents believe it will take more than a year for the economy to improve, according to a News 12/Hofstra University poll.
Six percent of the 443 respondents said they expect to see improvement in a year or less. Thirty-one percent said it would take 1-2 years and 44 percent believe the economy will rebound in more than two years.
Most also said they felt less financially secure than last year.
That desperation is especially strong in Long Island?s construction industry. On Wednesday, construction workers held a symbolic funeral procession from Hauppauge to Hicksville.
According to the Long Island Contractors' Association, 11,000 construction jobs have been lost in the past year. The unemployment rate among local construction workers is 35 percent.