HV jobless rate inched down in OctoberPosted: Updated:
While unemployment rates in New York State and across the nation peaked in October, Hudson Valley workers saw a slight decrease in the jobless figures.
In Rockland, the jobless rate dropped from 7.4 percent in September to 7.1 percent in October. In Orange, unemployment decreased from 8.1 percent to 7.9 percent during the same period.
Labor market analyst Johny Nelson says these slight decreases in unemployment do not mean much to those who are currently unemployed or underemployed.
Nelson adds that the 650 pending layoffs at Pearl River-based Pfizer are likely to put pressure on the job market.