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New York’s unemployment insurance fund, which the state Labor Department says has paid out over $100 billion in benefits to millions of New Yorkers during the COVID-19 pandemic, is now running a deficit.
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Enhanced unemployment benefits launched during the pandemic expire Monday, cutting a vital lifeline for millions of jobless Americans. Research suggests most will not find work right away.
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New York’s unemployment rate dropped marginally in June from 7.8% to 7.7%, according to the Bureau of Labor Statistics. While this change may seem negligible, SUNY Oswego economics professor, Liz Schmitt, said there are a lot of moving parts underneath the surface.
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On Friday, the Bureau of Labor Statistics released its monthly jobs report. Liz Schmitt, an economics professor at SUNY Oswego, said if she could describe…
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U.S. employers added 559,000 jobs last month, as the unemployment rate fell to 5.8% from 6.1% in April. Employers say they could use even more workers as demand surges and pandemic fears recede.
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Biden said that his administration would not stand for people gaming the system but pressed the importance of continued financial support for those left jobless as a result of the coronavirus crisis.
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U.S. employers added 266,000 jobs last month, far fewer than analysts had expected. The unemployment rate rose to 6.1%.
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The Bureau of Labor Statistics recently reported that the national unemployment rate for March was around 6%. Meanwhile, that number for New York State…
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The change is a compromise between progressive members who wanted enhanced benefits for several more months and moderate Democrats who wanted to curb the weekly payments.
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Meanwhile, the unemployment rate dipped to 6.2% last month as the winter wave of coronavirus infections eased.