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  "documentTitle": "NY COVID-19 Preliminary Economic Impact Assessment",
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  "notes": "The chart highlights a divergence in Q1 2020 where 'Other Sectors' spike significantly while 'Finance and Insurance' remains relatively stable.",
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      "text": "Three main factors may explain why Covid has had a limited impact so far",
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      "text": "# of NY State unemployment insurance claims (Q1 2008 - Q1 2020)",
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      "text": "Good penetration of Digital channel; Non-branch workforce's ability to work remotely; Strong liquidity and capital position",
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      "text": "Source: Unemployment claims from NY State Department of Labor, monthly frequency.",
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      "text": "Finance and Insurance: Based on unemployment claims to date and unlike other sectors, the impact of Covid-19 is neither direct nor immediate",
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