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Unemployment claims on the rise in New York

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  • Staff Report 

Unemployment filings in New York saw a significant increase last week, according to data released by the U.S. Department of Labor on Thursday. Initial jobless claims in the state climbed to 23,373 for the week ending May 4th, marking a sharp rise from the previous week’s total of 13,125.

This uptick in New York mirrored a broader national increase in unemployment claims. Across the United States, the number of filings for unemployment benefits rose to 231,000, up from 209,000 the previous week, on a seasonally adjusted basis. This rise reflects ongoing fluctuations in the labor market.

Among the states, Indiana reported the largest percentage increase in new claims, surging by 104.1%. Conversely, the Virgin Islands experienced the most significant decline, with unemployment claims decreasing by 76%. These shifts highlight varying economic conditions across different regions.

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