Unemployment Insurance

New York State Unemployment Fact Sheet for June

New York State’s average unemployment rate for April and May 2020 stood at 14.9 percent. For the same time period last year, the average unemployment rate was 3.8 percent. In the 12 weeks between March 10 and May 30, 2020, New York State processed over 2.4 million unemployment claims, which is more than 12 percent of the state’s population. Unemployment claims have slowed in recent weeks, but many New Yorkers remain unemployed. As of June 13, the five most racially and … (read more)

NYS Unemployment Factsheet for April

New York State’s April 2020 unemployment rate stood at 14.5 percent – up from 4.1 percent in March -and was the state’s largest recorded monthly increase since 1976 when the current record-keeping began. In the seven weeks between March 10 and April 25, 2020, New York State processed over 1.5 million initial unemployment insurance claims from residents, which represents more people than the entire population of the state of Maine. Look for more monthly factsheets covering unemployment in New York … (read more)

Unemployment Insurance Taxes Paid for Undocumented Workers in NYS

May 14, 2020

In the midst of a pandemic, there has been a growing call for undocumented immigrants, who make up five percent of the New York State labor force, to be covered by some form of unemployment insurance. What is often overlooked in discussions of unemployment insurance is the extent to which undocumented immigrants are already part of paying into the existing system, even when they are excluded from collecting benefits.

Undocumented immigrants face the same challenges as other … (read more)

New York’s Unemployment System Depends on Continued Federal Assistance

May 11, 2020

Following the Great Recession, New York’s Unemployment Insurance Trust Fund only achieved a positive fund balance for the first time in fiscal year 2016. On January 1, 2020, the balance stood at $2.65 billion, but the fund was nearing insolvency according to a report by the U.S. Department of Labor.

Since the COVID-19 pandemic mitigation began eight weeks ago, over 1.7 million New York residents have filed for unemployment, which is roughly 5 percent of the nation’s … (read more)

Uphill Employment Battle for New York’s Recent College Graduates

Brent Kramer, PhD, Senior Economist

Kramer@fiscalpolicy.org
August 3, 2017

 

ALBANY, New York – In today’s post-Great Recession environment, student loan debt has reached all-time highs, and more young adults are living at home longer, and are unable to purchase homes, cars, and other assets because of persistent unemployment or underemployment. Many young would-be workers are forgoing the job market altogether, and returning to school or taking unpaid internships in hopes of breaking into their respective fields.

Eight years after … (read more)

Casualty of Chaos: The Cost of Albany’s Inaction on Jobless Benefits

July 2, 2009. Albany inaction costs jobless New Yorkers $267 million. A potent tool for fighting downturn, unemployment benefits deliver economic stimulus where it’s most needed. But New York’s jobless benefit has been frozen since 2000, and now lags behind dozens of states. This report from FPI and the National Employment Law Project shows that upstate counties have been hurt the most by the legislature’s failure to increase unemployment benefits.

(read more)

New York’s unemployment insurance system: A vital safety net for New York workers and their families during economic downturns

March 12, 2008. The unemployment insurance system serves as government’s first responder to economic problems. This brief shows that New York could get more economic charge from the program. In a volatile economy with frequent layoffs and job changes, a strengthened unemployment insurance program will help boost the economy of every county in the state.… (read more)

An Agenda for a Better New York: Modernizing New York’s Unemployment Insurance System

June 2000. A new report by Jennifer McCormick and Trudi Renwick. Executive summary below; also see full report.

On the last day of the 1998 Legislative Session, a significant Unemployment Insurance (UI) reform bill was passed by both houses of the legislature and later signed into law by Governor Pataki. This wide-ranging bill addressed many aspects of the UI program: employer tax rates, the taxable wage base, the maximum benefit amount, seasonal employers and individual eligibility. A more limited … (read more)