New York, NY —
The number of people collecting jobless benefits in New York City has jumped 70 percent in the last five months, as the city's unemployment rate rises. WNYC's Lisa Chow reports.
REPORTER: About a year ago, some 62,000 people in the city were collecting benefits. Five months ago, the number was 70,000. It's really been in the last few months that the number's grown the most.
Now, latest figures show, 120,000 people are collecting unemployment benefits. State labor officials say large numbers come from the construction and retail sectors, and there's been a steady rise in applications from people in law and finance.
Usually February's a time when retailers and construction companies start staffing up to prepare for more traffic and work in the spring months. This year, that hiring activity was missing.
The city's unemployment rate stands at 8.1 percent, up from 4.4 last year. For WNYC, I'm Lisa Chow.