BLS: New York State Reported Mass Layoffs In 2010
Utica, NY (WIBX) - Despite a slight improvement in the unemployment figures for Oneida County, as a whole, New York State reported mass layoffs at the end of the 2010 fiscal year. Regional Economist for the Bureau of Labor Statistics, Martin Kohli, said the state had an all time high in terms of the unemployment claims associated with these mass layoffs.
Kohli said, "The bad news is that this is still the second worst year in the history of the series so that even though things looked better compared to 2009, they still aren't really very good. And, this reflects the fact that the recession, especially that gathered force in 2009, really dug a deep hole for a lot of people."
Kohli says the figures reinforce the message that despite the slight rebound of the economy, overall the U.S. has not fully recovered since the start of the recession of 2009, and says there's still a long ways to go until we see more improvements. California reported the most layoffs, followed by New York, Pennsylvania and Illinois.