New York jobless claims soar past 1.6 million

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New York jobless claims soar past 1.6 million
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More than 1.6 million in New York state have applied for unemployment relief since March. New York has seen the third-highest number of unemployment claims since the crisis began, behind California and, more curiously, Pennsylvania.

New York was one of only a few states where jobless claims increased last week as record layoffs persist in the nation’s coronavirus epicenter.

Layoffs, while still incredibly high, have broadly slowed in the U.S. since peaking at the end of March, when waves of statewide lockdowns went into effect and forced many nonessential employees to stay home. Nationally, 3.8 million workers applied for unemployment last week, down from a peak of 6.9 million at the end of March.

New York has seen the third-highest number of unemployment claims since the crisis began, behind California and, more curiously, Pennsylvania. With 1.6 million newly out of work, New York has already blown past pandemic unemployment projections from the Economic Policy Institute, which initially expected the state to reach 1.2 million jobless claims by July.

Among the more distressing statistics in New York is that some 11% of unemployment claims have come from health care and social assistance—an industry that should be operating at full capacity during a pandemic. But the virus, which caused shortages among paramedics and ICU nurses, left certain health-care professionals without much work at all, including fields such as dentistry and dermatology.

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