Friday, September 19, 2008

NY Unemployment

NY unemployment rises to 5.8 percent but remains below the national average

153 words
04:57 pm, 09/18/2008
Associated Press Newswires
(c) 2008. The Associated Press. All Rights Reserved.

ALBANY, N.Y. (AP) - New York's seasonally adjusted unemployment rate rose to 5.8 percent in August from 5.2 percent in July, even as private-sector employers added 3,000 jobs.

The state Labor Department says it was the largest month-to-month increase in the unemployment rate since January 1991.

New York City's unemployment rate rose even more sharply, coming in at 5.8 percent in August compared with 5 percent in July. That was the largest monthly increase since 1976.

At the same time, the national unemployment rate rose to 6.1 percent from 5.7 percent.

Over the past year, the Labor Department says the state added a total of 39,700 jobs, with education, health care tourism and government posting the biggest gains, and the manufacturing, finance and construction industries shedding jobs.


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