It also proposed an ombudsman be appointed for the sector, which has been plagued with scandals.
And even outside the transportation sector, which has been squeezed by high oil prices, orders dropped 3percentt.
"All of us honed our craft and qualifications with the sector which has been so badly damaged.
Bargain-hunting opportunities lured some investors into the technology sector, which has been battered in recent sessions.
This has profound implications for the UK biotechnology and pharmaceutical sector which has been the main focus of takeover activity.
The technology sector, which has been punished the last three years, was among the best performers among equity funds.
Gateway is almost a pure play in the consumer sector, which has been the weakest segment of the industry".
The manufacturing sector, which has been on the decline in the city for decades, shed both union and nonunion jobs during the recession, the CUNY report shows.
Stocks declined on Monday, dragged down by late-day losses in the financial sector, which has been mired in uncertainty over financial reforms and European debt troubles.
Another new statistic showed that the Chinese services sector, which has been growing pretty strongly, is now exhibiting some weakness, too.
"Growth in the private sector, which has been running at 3.3 percent, probably helps to explain the drop in the jobless rate," he said.
