unemployment

Unemployment climbs above 400,000
By Jenna Margaret ...
February 17, 2011 - 1:08pm
Number of Americans filing for first-time unemployment rising.

With the economy still reeling unemployment claims continue to rise, according to the federal government. There were 410,000 initial unemployment claims filed the week of Feb. 12, according to the Labor Department –  an increase of 25,000 from the previous week.

Initial data claims have been distorted by recent severe winter snow storms but the numbers have been trending lower since August, according to CNN. Weekly figures are now nearly at their lowest levels since July 2008.

Unemployment numbers going down
By Hillary Fonseca
February 10, 2011 - 5:25pm
Jobless claims fall to lowest levels in 2-1/2 years.

NEW YORK -- The future for working Americans is showing more promise than it has in recent years. The number of Americans filing for first-time unemployment benefits fell to the lowest level in more than 2-1/2 years last week, according to CNN.

Bernanke: poor outlook for job creation
By Kevin Belbey
December 6, 2010 - 11:56am
Top economist says it could be years before America is back to a normal unemployment rate.

Just a few days after the government released a report saying only 39,000 jobs were added in November and the unemployment rate rose to 9.8 percent, more bad news comes from Federal Reserve Chairman Ben Bernanke. According to CNN, Bernanke told 60 Minutes: "At the rate we're going, it could be four, five years before we are back to a more normal unemployment rate."

Syracuse ranks among top places for jobseekers to "start over"
By Philip George
November 17, 2010 - 8:19pm
Other New York regions represented on businessweek.com's list

Syracuse ranks No. 10 on businessweek.com's list of the 20 best places for jobseekers to "start over."

The website notes Syracuse's 7.6-percent unemployment rate and projects that 20-percent of the city's employers will increase hiring in the year's fourth quarter.

Buffalo was No. 9 on the list, the Poughkeepsie-Newburgh-Middletown area was No. 11, Rochester was No. 16 and the Albany-Schenectady-Troy area was No. 18.

Nobel Economics Prize goes to 3 University Professors
By Kevin Barry
October 11, 2010 - 1:33pm
Professors Peter Diamon, Dale Mortenson and Christopher Pissarides earn the Nobel in economic science for their analysis of labor markets.

Three professors won the Nobel Economics Prize for their work analyzing complicated labor markets. Peter Diamond, a professor at the Massachusetts Institute of Technology, first developed the theory of “search costs,” an idea that Dale Mortenson and Christopher Pissarides, of Northwestern University and the London School of Economics respectively, later applied to job markets.

Syracuse teen faces maximum sentence
By Qian Chen
April 9, 2010 - 5:00pm
Plus, Sarah Palin fires back at Obama on nuclear issues and Sandra Bullock breaks silence to say 'there is no sex tape.'

Syracuse, NY -- According to The Post-Standard, a 17-year-old Syracuse teen, who admitted today hitting a nurse with car, will get a sentence 1 1/3 to four years in prison. Supreme Court Judge John Brunetti said this is the maximum sentence for a youthful offender.

Syracuse Unemployment Hits a New High
By Braedan Ritter
March 4, 2010 - 5:50pm
Plus another top Paterson official resigns and a Baylor women's basketball player suspended for punching an opponent.

Syracuse’s unemployment rate rose again in Jan. to 9.1 percent, its highest level since at least 1990, according to the Department of Labor.

The jobless rate for Madison, Onondaga and Oswego counties rose from 8.2 percent in Dec..

Unemployment rates before 1990 were calculated using a different methodology and cannot be compared, according to the state.