Tri-State Area Leads Pack As Weekly National Unemployment Claims Hit 7-Year Low
Weekly unemployment benefit applications dropped 24,000 to 297,000, the Labor Department said Thursday. That’s the fewest since May 12, 2007. The four week average, a less volatile measure, dipped 2,000 to 323,250.
New York, New Jersey and Connecticut fared among the best for states that saw a drop in claims.
WEB EXTRA: Labor Dept. Weekly Claims Report (pdf)
For the week that ended March 1 – one week behind the national figures – there were 20,637 fewer applications made by New Yorkers, due to fewer layoffs in transportation and warehousing, restaurants, and education.
New Jersey claims were down 2,565, due to fewer layoffs in hotels, restaurants, transportation and warehousing, and retail.
In Connecticut, applications dropped by 1,609. No reason was…
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