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Here's a look at how weekly unemployment claims changed in New York last week compared with the week prior.
The New York Unemployment Insurance Law, enacted in 1935 and codified at Article 18 of the Labor Law, implements unemployment insurance within New York. As with most states, the maximum period for receiving benefits is 26 full weeks during a one-year period (benefit year). [4]
Unemployment insurance is funded by both federal and state payroll taxes. In most states, employers pay state and federal unemployment taxes if: (1) they paid wages to employees totaling $1,500 or more in any quarter of a calendar year, or (2) they had at least one employee during any day of a week for 20 or more weeks in a calendar year, regardless of whether those weeks were consecutive.
U.S. unemployment claims remained the same at 217,000 last week on a seasonally adjusted basis. Virgin Islands saw the largest percentage increase in weekly claims, with claims jumping by 163.6%.
Here's a look at how weekly unemployment claims changed in New York last week compared with the week prior.
The Unemployment Action Center, sometimes abbreviated as UAC, is a non-profit organization run by students of nine law schools in the New York City area. The purpose of UAC is to provide free legal representation to people who were denied unemployment benefits by the New York State Department of Labor, or against appeals by employers from an initial determination granting unemployment insurance.
The number of Americans filing new applications for unemployment benefits rose slightly last week, pointing to steadily easing labor market conditions heading into the final stretch of 2024.
Initial claims for state unemployment benefits dropped 6,000 to a seasonally adjusted 213,000 for the week ended Nov. 16, the lowest reading since April. Economists polled by Reuters had forecast ...