NEW YORK UNEMPLOYMENT RISES ABOVE 7%
from HULIQ
In late January, New York State (NYS) unemployment hit 7%, as the recession takes its toll. With 25,000 New Yorkers filing new claims for every week, last week state lawmakers agreed to authorize paying out an additional $2 billion this year for unemployment insurance.
While New York State’s unemployment rate pales in comparison to California, which has reached 9.3%, what should be noted is that these states both have huge populations, with California’s the tops in the nation. Thus 9.3% in California or 7% in NYS is much more damaging than 20% might be in Alaska, in terms of sheer numbers.
Both states are struggling to meet their unemployment insurance requirements. The maximum weekly unemployment check of $405 in New York State is lower than in neighboring states like New Jersey ($584), Connecticut ($576) and Massachusetts ($628). California, along with NYS perhaps the most expensive places to live, only allots $450 a week.
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