Statement from Governor Kathy Hochul on Latest State Unemployment Data

“The State Department of Labor launched data immediately marking a big milestone in New York’s financial restoration: the unemployment fee has declined in each single county within the State in comparison with final 12 months. New York’s comeback is transferring in the correct path.

“At this time two years in the past, New York was hit exhausting by the pandemic and greater than 980,000 New Yorkers have been out of labor. Climbing out of that financial gap has been troublesome for households throughout New York, and there’s extra work to do. That’s why we’re persevering with to take significant motion to revitalize our economic system, create and retain good-paying jobs, and put money into the small companies which can be the lifeblood of our native communities. 

“We’re making progress toward a statewide $15 minimum hourly wage to help workers struggling to make ends meet in the face of inflation and other rising costs, and honoring our essential workers with wage increases for nurses and home care aides and a $1.2 billion health care worker bonus program. We’re investing $350 million in New York’s workforce through our new Office of Strategic Workforce Development to fund top-tier job training and prepare New Yorkers for careers of the future and providing more than $1 billion in reduction to small companies nonetheless recovering from the pandemic. Earlier immediately, we introduced purposes are actually being accepted for a $250 million tax credit to assist companies cowl pandemic-related capital prices.   

“Too many New Yorkers are still feeling pain from the economic fallout of the pandemic and the rising cost of living. While the data released by the Department of Labor today is encouraging, we have more work to do to keep our economic comeback moving forward.”