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Kelsey Hawkins

Which economic events would most likely result in higher unemployment rates - NYS Department of Labor data question

I'm trying to understand unemployment trends for a research project and wondering which types of economic events typically cause the biggest spikes in unemployment claims with NYS Department of Labor. I've been looking at historical data but can't find clear patterns. Are there specific economic indicators or events that consistently lead to higher unemployment rates? I need to analyze this for a paper I'm writing about labor market dynamics in New York State.

Dylan Fisher

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Economic recessions are typically the biggest driver of unemployment spikes. When GDP contracts, businesses cut costs by laying off workers, leading to massive increases in NYS Department of Labor claims. Other major factors include industry-specific downturns (like manufacturing decline), natural disasters, and sudden policy changes that affect business operations.

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That makes sense about recessions. Do you know if NYS Department of Labor tracks which industries see the biggest jumps during economic downturns?

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Edwards Hugo

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From what I've seen, technological disruption can also cause significant unemployment in certain sectors. When automation replaces workers or entire industries become obsolete, you get concentrated pockets of high unemployment that show up in NYS Department of Labor statistics.

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Gianna Scott

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honestly this sounds like homework lol but whatever - financial crises always mess things up bad. like 2008 was crazy, everyone was filing unemployment claims

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Alfredo Lugo

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It's probably for school but it's still a good question. I remember 2008 too - my whole department got laid off and the NYS Department of Labor offices were packed with people trying to file claims.

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Sydney Torres

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Trade wars and tariffs can also spike unemployment in affected industries. When international trade gets disrupted, export-dependent businesses often have to cut workers, leading to regional unemployment increases that NYS Department of Labor would track.

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Thanks for the tip! I might need to call them if I can't find the specific data I'm looking for online.

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Ellie Kim

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Another major factor to consider is seasonal economic patterns - certain industries like tourism, agriculture, and retail see predictable unemployment spikes during off-seasons. NYS Department of Labor data typically shows these cyclical patterns alongside the more dramatic economic event-driven spikes. Also, don't overlook the impact of major corporate bankruptcies or large-scale plant closures - these can create sudden, localized unemployment surges that really stand out in the data.

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