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In bleak economy, hospitals, at least, are preserving jobs

New York Times, November 25, 2008

Even as layoffs at several companies raise concerns that New York City's economy is shrinking fast, the hospitals and universities that dominate the city's large nonprofit sector are generally holding firm and accounting for a growing share of private-sector jobs. Instead of laying off large numbers of employees, New York's hospitals and universities are trying to weather the economic storm without significant cuts.