New York State Unemployment Rate Down, Benefits Extended
July 24th, 2010 - 12:07 am ICT by Angela Kaye Mason
July 23 (THAINDIAN NEWS) After the discovery that the unemployment rate for New York State has gone down, the benefits for the state’s unemployment has been extended for those who are still unable to find a place to work. With the New York State unemployment rate which was released for April, May, and June down to 8.3 percent, which is just under the 8.5 percent threshold, President Obama signed the extension which would extend the unemployment benefits for the state for 99 weeks.
According to ‘New Channel 34’ the unemployment benefits in the state of New York will extend for 93 more weeks due to the fact that the unemployment rate has dropped. Congress approved legislation on July 22, 2010 which would extend the eligibility benefits to November 28, of 2010. While the lowered unemployment rate may be good to those who have found work, it is still very bad for those who cannot.
‘The New York Times’ claims that the state is slowly recovering from its own recession, after the national recession which began in December of 2007, and has been claimed to have ended in the summer of 2009, yet the country is still in a massive deficit, and unemployment rates, although lowered, are still very high all over the country.
Manufacturing jobs in New York increased by a mere 0.2 percent in the spring, and was said to have not improved at all during June and July. The Federal Reserve Bank of New York feels that the manufacturing industries are not doing their part to relieve the recession by adding more jobs.
- New York State unemployment rate decreases, Obama signs extension which would benefit the unemployed - Jul 23, 2010
- US jobless claims at lowest level in four years - Feb 17, 2012
- US unemployment claims fall slightly - Jul 01, 2011
- US jobless rate dips to 9.1 percent in July - Aug 05, 2011
- New US jobless claims dip below 400,000 - Jul 29, 2011
- New US jobless claims climb to 417,000 - Aug 26, 2011
- Spanish economy slowed in second quarter - Aug 07, 2011
- US jobless claims dip to three-month low - Jul 15, 2011
- New US jobless claims rise - Dec 30, 2011
- US jobless claims continue to fall - Dec 23, 2011
- Unemployment gap in the level of education shrinks in US - Feb 20, 2012
- US jobless claims at four-year low - Mar 23, 2012
- US economy grew faster than thought in fourth quarter - Mar 01, 2012
- US jobless claims surge - Sep 16, 2011
- U.S. unemployment rate drops to 8.1 percent, lowest in 3 years - May 05, 2012
Tags: bank of new york, channel 34, congress, discovery, federal reserve, federal reserve bank, federal reserve bank of new york, legislation, manufacturing industries, manufacturing jobs, national recession, new york state, new york state unemployment, new york times, state of new york, state unemployment rate, threshold, unemployment benefits, unemployment rates