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Expenses. $54.6 billion [ 8] The economy of the State of New York is reflected in its gross state product in 2023 of $2.189 trillion, ranking third in size behind the larger states of California and Texas. If New York State were an independent nation, it would rank as the 10th largest economy in the world by nominal GDP.
The New York Unemployment Insurance Law, enacted in 1935 and codified at Article 18 of the Labor Law, implements US 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]
Okun's law is an empirical relationship. In Okun's original statement of his law, a 2% increase in output corresponds to a 1% decline in the rate of cyclical unemployment; a 0.5% increase in labor force participation; a 0.5% increase in hours worked per employee; and a 1% increase in output per hours worked (labor productivity).
Unemployment rate by jurisdiction. Data for all U.S. states, the District of Columbia [ 4] and Puerto Rico [ 5] is from June 2023 and September 2021, respectively. Data for Guam is from September 2019, and data for American Samoa is from 2018. Data for the Northern Mariana Islands is from April 2010 (more than ten years old) it is included but ...
Staff reports. August 2, 2024 at 3:01 PM. Initial filings for unemployment benefits in New York dropped last week compared with the week prior, the U.S. Department of Labor said Thursday. New ...
For instance, in the fourth quarter of 2020 — the latest data available — Black workers had an unemployment rate above 10% in 12 out of the 21 states that provide such breakdowns, according to ...
In California, for instance, the state unemployment rate hit 5.3% in February, up 0.8% from a year ago and the highest in the nation. New Jersey's unemployment rate hit 4.8% in February, also up 0.8%.
U.S. states by net employment rate (% of population 16 and over) 2022 [1]; National rank State Employment rate in % (total population) Annual change (%)