In New York state, 19,122 people filed for new unemployment-insurance benefits in the week ending May 11, up from the year-to-date low of 18,627 claims filed the week before, according to U.S. Labor Department data issued Thursday.
Even with the rise in unemployment claims in the latest week, the state’s claims are down by 30 percent from the weekly average of 27,205 jobless claims it reported during the first four months of 2013. The state data is not seasonally adjusted.
The U.S. Labor Department Thursday also reported that nationwide the number of people applying for new unemployment benefits fell by 23,000 to 340,000 for the week ending May 18, compared to the revised figure of 363,000 for the week before. Analysts had been expecting a figure of about 350,000 claims.
(Sponsored)
What’s on the Horizon for Print Security?
Imagine being robbed…because of your printer. Unfortunately, that scenario played out in real life for an undisclosed number of victims collectively robbed of nearly $1 million worth of Bitcoin due
What Distressed Property Owners Might Expect From the IRS
The commercial real estate market has been rough for some time, and the residential market has seen wild fluctuations. Inflation, high interest rates and decreased demand for office space have
The four-week moving average for initial claims fell by 500 to 339,500 in the latest week, putting it near a five-year low. The U.S. data is seasonally adjusted.
The Labor Department will release state data for the week ending May 18 next week.
Contact Rombel at arombel@cnybj.com
