cap region unemployment 10yr 2009-11


cap region unemployment

The Capital Region's unemployment rate since the start of the recession.

The Capital Region's unemployment rate was 7 percent in October, according to NYS Department of Labor data released today. That's up from 4.9 percent during the same period last year. It's basically unchanged from last month.

The labor department reports that the number of nonfarm jobs has decreased by 12,100 (2.7 percent) and the number of private sector jobs has decreased by 9,200 (2.7 percent) in the region over the last year.

The Capital Region is still doing better than both the state and country as a whole. The overall unemployment rate for New York State was 9 percent in October (8 percent everywhere except NYC) and 10.2 percent for the US.

We've updated our 10-year graph of Capital Region unemployment -- it really gives you perspective on how unusual the current labor market is.

The federal government reported last month that the national economy has begun growing again (well, GDP has).

Job growth often lags GDP growth, though. During the last national recession, the Capital Region's unemployment rate didn't start falling until three months after the recession ended. The state labor department reported that NYS lost 15,300 non-farm jobs last month.

Big chart notes: 10 year data from the federal Bureau of Labor Statistics -- except for this year's data, which is from NYS DOL. Recession data from NBER. The figures were not seasonally adjusted.


Glad I got a job here (science) in April 2008. And to think, I was hoping the job market would improve back in 2001.

> Job growth often lags GDP growth

Often? It always does, practically has to, and usually lags by years. Why use MSM-speak? Why not speak plainly?


Say Something!

We'd really like you to take part in the conversation here at All Over Albany. But we do have a few rules here. Don't worry, they're easy. The first: be kind. The second: treat everyone else with the same respect you'd like to see in return. Cool? Great, post away. Comments are moderated so it might take a little while for your comment to show up. Thanks for being patient.

The Scoop

Ever wish you had a smart, savvy friend with the inside line on what's happening around the Capital Region? You know, the kind of stuff that makes your life just a little bit better? Yeah, we do, too. That's why we created All Over Albany. Find out more.

Recently on All Over Albany

Happy Thanksgiving!

We wish you a happy Thanksgiving. (We hope it involves pie.) Thank you for being a part of AOA this year.... (more)

"A day of Prayer and Thanksgiving in this State"

Until 1863 "days of Thanksgiving" were irregularly observed holidays in the United States. That's when Abraham Lincoln -- at the urging of Sarah Josepha Hale,... (more)

What's up in the Neighborhood

Among the topics in this most recent spin around the Capital Region's online neighborhood: Bob & Ron's, local icons, a choice facing Albany, close calls,... (more)

"I think it feels like Thanksgiving."

Stripping is labor -- both physical and emotional. So, if you're a stripper working on Thanksgiving, do you get time-and-a-half and 1.5x tips? Helping to... (more)

Crepes at The French Press Cafe and Creperie

On some of the oldest real estate in downtown Albany -- Clinton Square -- lies a small piece of France. A French cafe, in fact,... (more)

Recent Comments

Needs more monorail.

Where to get car upholstery fixed?

...has 4 comments, most recently from CapHwys

"I think it feels like Thanksgiving."

...has 1 comment, most recently from Joseph Fusco

Today's moment of autumn

...has 1 comment, most recently from -R.

Morning Blend for Nov 25

...has 1 comment, most recently from Sam

Another view of the ESP that didn't quite happen

...has 4 comments, most recently from Just A Guy