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New York state unemployment rate is at highest level since the Great Depression

from Forbes

In the week ended April 18, 204,716 New Yorkers filed for Unemployment Insurance (UI). This number of jobless claims is 48% less than filed the previous week, 395,494. However, just in the last five weeks, data from the New York Department of Labor shows that the total number of New Yorkers filing new jobless claims has reached 1.4 million. Adding 1.4 million jobless filers to those who had filed in the months before the COVID-19 crisis began now puts New York state's unemployment rate at about 13%. more

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