NY unemployment rate drops to 8.4 percent for November Reading this made me feel hostile

New York

New York's unemployment rate dropped for November to 8.4 percent, the state Labor Department reported Thursday.

The jobless rate also fell in Chemung and Steuben counties from October to November but grew in Schuyler County.

Chemung County gained 200 jobs in November in trade, transportation and utilities, according to the Labor Department.

Chemung County's unemployment rate in November was 8.5 percent, compared to the 8.7 percent in October. In November 2008, the county's unemployment rate was 6.4 percent.

Schuyler County reported a jobless rate for November of 8.1 percent, compared to the October rate of 7.6 percent and the November 2008 rate of 6.5 percent. Jobs were lost in the service, leisure and hospitality sectors.

In Steuben County, November's unemployment rate fell to 9.4 percent from 9.6 percent in October. The jobless rate was 6.9 percent in November 2008.

Jobs were reported lost in a variety of areas from mining and construction to manufacturing and leisure and hospitality.

In Tioga County, N.Y., unemployment was at 8.4 percent in November, up from 8.0 percent in October. Tompkins County's November jobless rate was at 5.3 percent -- the lowest in the state.

Dark New York post - New York's Unemployment Rate Falls

New York

New York state’s seasonally-adjusted unemployment rate fell in November, according to new figured released this afternoon by the Department of Labor.

The jobless rate fell from 9.0 percent to 8.6 percent last month.

Moreover, the number of unemployment residents declined from 871,000 to 833,000.

In New York City, the number of unemployed moved from 413,000 in October to 397,000 in November – bringing the number of unemployed in the city down .3 percent to 10 percent.

The city saw 41,000 new jobs in the education and health sectors, with the biggest losses in trade and utilities.

The figures are still much higher than this time last year, when the state jobless rate in November was 6.3 percent and the city jobless rate was 6.7 percent.

The nation’s unemployment rate also saw a slight drop. It was 10 percent in November, down from 10.2 percent in October.

Experts say while the numbers are encouraging, it’s too early to establish a trend.

(Source: NY1)

Unemployment Rate Drops to 10 Percent in New York City

New York City

MANHATTAN — Even as economists and government officials are saying that the recession appears to be ending, 10 percent of New Yorkers are still out of work.

That's one in 10 city residents who are without a job, compared to an average unemployment rate of 7.6 percent throughout the rest of the state.

State Comptroller Thomas DiNapoli issued a report on Wednesday stating that the city's budget gap for 2010 will not be as wide as feared, but more jobs may still be lost.

“The impact of the recession on the city’s revenue has not been as severe as earlier forecasts indicated,” DiNapoli said. “But the City may still end up losing more than 200,000 jobs."

The comptroller went on to say that while New York City had done a good job with its finances, the State's budget crisis could continue to trickle down to the city.

Since November 2008, over 95,000 non-farm jobs have been lost in New York City.