Lost Jobs Continue to Plague ; Wny Region 8.5% Unemployment Is Highest in 20 Years

Summary

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The Buffalo Niagara region's unemployment rate jumped up to 8.5 percent in December as continued job losses kept the number of people without jobs at its highest level in at least 20 years.

The pace of the region's year-to-year job losses slowed during December, to 11,300, or 2 percent, its slowest rate since last January, according to data released Thursday by the state Labor Department.

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Extract

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Lost Jobs Continue to Plague ; Wny Region 8.5% Unemployment Is Highest in 20 Years

But a big reason for the slowing pace of job losses is that the local job market now has been shrinking for the past 15 months, meaning that the comparisons with a year ago are being made with a job market...

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