Jobs crisis may spark riots - New York City Mayor Bloomberg - Sep. 16, 2011

Jobs crisis may spark riots - New York City Mayor Bloomberg - Sep. 16, 2011

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."

"There is no overnight solution," he said."You look at the president's proposals. At least he's got some ideas on the table, whether you like those or not."

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