New York reported the second-biggest increase in jobless claims of all 50 states in the latest week, according to a U.S. Department of Labor news release issued Thursday.
The number of people applying for new unemployment-insurance benefits in the Empire State rose by 38 percent to 23,346 in the week ending July 4, from 16,858 a week earlier.
Layoffs in New York’s transportation and warehousing, educational service, and health care and social assistance industries led the increase, according to the Labor Department.
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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 state data is not seasonally adjusted.
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