Jobless rate continues to rise

By The Citizen staff report

Friday, December 19, 2008 11:46 PM EST

Cayuga County's November unemployment rate reached its highest level in 15 years, according to the latest figures from the state Department of Labor.
The county's 6.3 percent jobless rate had not been higher in November since 1993, when it reached 7.0 percent for that month. The rate was the highest for any month in Cayuga County since February 2004, when it was also 6.3 percent.

The unemployment rate was 4.1 percent in November 2007, and 5.6 percent in October of this year.

The county's weak job market is hardly unique. Statewide unemployment reached 5.9 percent, up from 4.4 percent in the same month a year ago and 5.4 percent in October.

“Most labor market indicators suggest conditions in New York state's economy continued to deteriorate in November,” said Peter A. Neenan, director of the Labor Department's Division of Research and Statistics.

Employers within Cayuga County reported 26,700 jobs, 100 fewer compared with November 2007. The manufacturing sector lost 200 jobs during the past year, while both the professional and business services category and leisure and hospitality sector showed gains.

The number of unemployed Cayuga County residents grew to 2,600, an increase of 900 more than the past year.

Cayuga County has experienced year-over-year unemployment rate increases every month in 2008, and the size of the increases has generally grown bigger.

The November increase of 2.2 percentage points in the biggest jump of the year.

The Citizens' Say

Post your comment - click here

There are 1 comment(s)

spatrx wrote on Dec 20, 2008 6:30 AM:

" Our substitute Gov.Paterson is doing a bang up job here hah.?Tax the unemployed when they sign up for it.We need a shoe tax,or a snow shovel tax.How bout a seeing eye dog tax?Lets face it being blind is a health risk. "

REGISTRATION IS FREE.
Registered users sign in here:
*Member ID:
*Password:
Remember login?
(requires cookies)
 
Unregistered users can register here:

Do not use usernames or passwords from your financial accounts!

Note: Fields marked with an asterisk (*) are required!

*Create a Member ID:
*Choose a password:
*Re-enter password:
*E-mail Address:
*Year of Birth:
 

(children under 13 cannot register)

First Name:
Last Name:
Company:
Home Phone:
Business Phone:
Address:
City:
State:
Zip Code:
 
E-Citizen
E-Edition
Wheels Etc.
Find a vehicle
Hot Jobs
Find a Job
Homes Etc.
Find a Home
TV Week
Find a program
Search Classifieds
Find, Buy
Place a Classified Ad
Sell
Skaneateles Journal
The Journal
New! Best Bridal
Here comes the bride. . .
Liven Up the Holidays
Fa-la-la-la-la-la-la-laaaaaa
Logo HereNew! Off the Menu
Good Eatin'!
Newspaper Ads
See it again
CNY Boats Etc.
Achors aweigh!
New! School Project
A breakdown of the new school project.
Sections
Special Sections

Top Jobs

The Citizen Copyright ©2009
A division of Lee Publications, Inc.
25 Dill Street
Auburn, NY 13021

Contact Us

Add to My Yahoo!