The number of people filing initial claims for unemployment benefits in New York state fell nearly 7 percent to 15,911 in the week ending Oct. 22 from 17,033 the week before.
That’s according to a news release issued Thursday by the U.S. Department of Labor, citing advanced data provided by the state.
The drop, which signals a reduction in layoffs, comes after claims had increased by double-digit percentages for two straight weeks in the Empire State.
(Sponsored)
Protecting your family business is more than financial and estate planning
By Lindsay Usherwood General Counsel I want to roll back the title of Ask the Expert because I don’t believe anyone can be an expert in family business. It is
Finding the Right Business Banking Partner: 4 Considerations to Support your Search
In today’s increasingly dynamic and competitive business environment, finding the right banking partner to meet the needs of your business is critical to your success. Banks are not one-size-fits-all and
Those increases were led by higher layoffs in New York’s transportation and warehousing, manufacturing, construction, and accommodation and food service industries, according to the Labor Department.
The state data is not seasonally adjusted and is subject to revision. As a result, weekly jobless claims tend to swing from week to week and are affected by seasonal factors.
Contact Rombel at arombel@cnybj.com
