The number of people applying for new unemployment-insurance benefits in New York state in the week ending Feb. 22 plummeted by 3,572, or nearly 16 percent, to 19,115, according to new U.S. Department of Labor data.
It’s the lowest level of first-time jobless claims in the state so far this year. The data indicates that New York employers are handing out fewer pink slips than in recent weeks, a sign the job market could be strengthening.
Fewer layoffs in the state’s construction, food services, and retail trade industries led the decline in claims in the latest week, according to a U.S. Department of Labor news release issued Thursday.
(Sponsored)
Criminal Liability for Employment Law Violations?
New York employers are often surprised to learn that wage law violations can lead to criminal penalties in addition to financial penalties. Whether payroll is outsourced, or a staffing agency
ESOP Benefits for Architecture and Engineering Firms
Planning an exit strategy from your successful architecture or engineering firm can be difficult at times. While there are many options to choose from, one that many companies fail to
This marks the third straight week that New York’s initial jobless claims decreased.
The number of New Yorkers continuing to receive unemployment benefits also fell in the week ending Feb. 22 to 255,186 from 259,525 the week before. The continuing-claims number is the second lowest reported so far in 2014.
The state data is not seasonally adjusted.
Contact Rombel at arombel@cnybj.com
