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Unemployment Claims Dip, New York Has 8,500 Jobs Cut

By Mimi Li
Epoch Times Staff
Created: October 21, 2010 Last Updated: October 21, 2010
Related articles: United States » National News
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Unemployment: People wait in line to enter Choice Career Fairs job fair at the Los Angeles Convention Center on October 7, 2010 in Los Angeles, California.  (Kevork Djansezian/Getty Images)

Unemployment: People wait in line to enter Choice Career Fairs job fair at the Los Angeles Convention Center on October 7, 2010 in Los Angeles, California. (Kevork Djansezian/Getty Images)

Unemployment claims fell by 23,000 in the previous week to 452,000 for the week of Oct. 16, the Labor Department said in its weekly jobs data release.

The four-week moving average dropped to 458,000, a decrease of 4,250 jobless claims from last week’s revised average of 462,250.

The jobless rate of Americans with unemployment insurance stayed steady at 3.5 percent for the week of Oct. 9, posting the same percentage as the week before.

New York State posted the most new jobless claims, with an increase of 8,558 claims in the week of Oct. 9, followed by North Carolina (+8,470) and California (+7,929). In New York, the new claims were blamed on job cuts in the construction, service, and manufacturing sectors.

The Virgin Islands (-34) and Hawaii (-17) saw the largest decreases in new claims.




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