New York’s initial unemployment claims rise 7 percent

The number of people applying for new unemployment-insurance benefits in New York state in the week ending Nov. 23 increased by more than 7 percent, to 22,342 from 20,870 the week before.

The jump was led by layoffs in New York’s construction, retail trade, and food service industries, according to a U.S. Department of Labor news release issued today.

The rise in the Empire State’s initial jobless claims comes one week after the state’s claims fell by almost 10 percent.

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The number of New Yorkers continuing to receive unemployment benefits also increased in the latest week to 207,010 from 201,199 the week before.

The state data is not seasonally adjusted.

The U.S. Labor Department also reported Thursday that nationwide the number of people filing initial unemployment claims fell by 23,000 to 298,000 for the week ending Nov. 30, compared to the revised figure of 321,000 for the week prior. Analysts had been expecting about 330,000 initial claims in the latest week, according to Yahoo Finance.

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The four-week moving average for national initial jobless claims decreased by 10,750 to 322,250 in the latest week. The U.S. data is seasonally adjusted.

The Labor Department will release state data for new unemployment-benefit filings for the week ending Nov. 30 next week.

 

Contact Rombel at arombel@cnybj.com

 

Eric Reinhardt: