N.Y. Unemployment Jumps in November

Employers cut 23,500 jobs last month

Thursday, Dec 18, 2008  |  Updated 1:18 PM EDT
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N.Y. Unemployment Jumps in November

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NEW YORK - SEPTEMBER 05: A pedestrian walks by a vending box for a job listing newspaper September 5, 2008 in the Brooklyn borough of New York City. Unemployment rose in New York state again in November. (Photo by Spencer Platt/Getty Images)

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New York's seasonally adjusted unemployment rate rose to 6.1 percent in November from 5.7 percent in October as private-sector employers cut 23,500 jobs.

The state Labor Department says that was the largest decline in private-sector jobs in seven years and the highest unemployment rate since April 2004.

New York City's unemployment rate rose even more sharply last month, coming in at 6.3 percent compared with 5.7 percent in October, driven largely by the meltdown on Wall Street that has prompted thousands of job cuts.

 

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