The surge of people filing first-time applications for unemployment benefits in New York state amid the coronavirus pandemic slowed by nearly 50 percent last week.
The U.S. Department of Labor reported Thursday that 204,716 people filed an initial claim in New York in the week ending April 18. That was down from 394,701 claims in the prior week and 344,451 the week before that.
The reduction in unemployment-benefit applications indicates that the pace of layoffs and furloughs in the state has slowed after a flood in the early stages of New York state’s coronavirus shutdown.
(Sponsored)
Sales Employees are Not Always Exempt from Overtime
Are you sure that your company’s sales staff are properly categorized as exempt from the overtime requirements of the Fair Labor Standards Act (FLSA)? The FLSA regulations make it
The Importance of Relationship Banking for Small Business Success
Small business owners wear many hats. Each day can bring on new challenges requiring valuable time and focus – especially in the competitive economic environment we live in today. The
Still, the weekly claims are unusually high compared to normal times. More than 1.3 million people in New York have filed a first-time application for jobless benefits since the crisis started.