Turning of the tide?

capital region unemployment

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

The New York State Department of Labor today reported that the Capital Region's unemployment rate was 6.7 percent in November, down .3 percent compared to October. The rate was 5.3 percent in November 2008.*

The number that caught our eye this month was the raw number of people employed. The labor department reports that 419,900 people were employed in the Capital Region in November -- that's almost 11,000 fewer people with jobs than a year ago.

The state unemployment rate was 8.4 percent in November, down .3 percent from October (it was 6.1 percent in November 2008.) The national unemployment rate was 9.4 percent - down .1 percent from October (it was 6.5 percent a year ago).

* Capital Region data is not seasonally adjusted.

Comments

Great. However most of you realize that after unemployment benies run out you are no longer counted as unemployed. At least 3 of my college educated friends are no longer counted as unemployed yet they have no job. I'm interested if any readers have friends in the same boat...

@JoeAlbany
That's not accurate... You're counted as unemployed so long as you're actively looking for a job. The rate has nothing to do with unemployment benefits.

@ Chris C-----How does the Dept of Labor (or anyone) get a count of the number of people who are actively looking for a job? There is no central registry of such people. Also, some people who are actively looking for a job ARE employed; they are looking for a different job.

Just wondering how the data are compiled if not based on those who are receiving benefits.

@KM: From the state labor department press release (all the way at the bottom):

"Labor force statistics, including the unemployment rate, for New York and every other state are based on statistical regression models specified by the U. S. Bureau of Labor Statistics. Jobs data for New York are obtained from a survey of 18,000 business establishments. Jobs data exclude agricultural workers, the self-employed, unpaid family workers and domestic workers in private households."

"Statistical regression models" is not very illuminating. (Not a reproach to you, Greg- I am just curious about where the numbers come from.)

In reality I guess the unemployment figure is more meaningful comparatively than absolutely. That is, us compared to the state/country as a whole; this month compared to the same month a year ago.

KM, the DOL (I think specifically the BLS) surveys 60,000 (I believe, could be wrong on the exact number) households a month to determine country-wide unemployment numbers. 25% of these households are rotated out and replaced with fresh ones, so each surveyed household is in the pool for four months at a time. They're returned to after a year or so, and then removed from the pool forever.

Unemployment is defined, as Chris said, by someone having actively sought employment. The other two categories an individual can fall into are employed and not a member of the labor pool. People who are not employed -- even if they have quit a job, been fired, or laid off -- are not considered unemployed if they aren't looking for work.

Great explanation--thanks!

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.

What's All Over Albany?

All Over Albany is for interested and interesting people in New York's Capital Region. In other words, it's for you. It's kind of like having a smart, savvy friend who can help you find out what's up. Oh, and our friends call us AOA.

Search

Recently on All Over Albany

Thank you!

When we started AOA a decade ago we had no idea what was going to happen. And it turned out better than we could have... (more)

Let's stay in touch

This all feels like the last day of camp or something. And we're going to miss you all so much. But we'd like to stay... (more)

A few things I think about this place

Working on AOA over the past decade has been a life-changing experience for me and it's shaped the way I think about so many things.... (more)

Albany tightened its rules for shoveling snowy sidewalks last winter -- so how'd that work out?

If winter ever gets its act together and drops more snow on us, there will be sidewalks to shovel. And shortly after that, Albany will... (more)

Tea with Jack McEneny

Last week we were fortunate enough to spend a few minutes with Jack McEneny -- former state Assemblyman, unofficial Albany historian, and genuinely nice guy.... (more)

Recent Comments

My three year old son absolutely loving riding the train around Huck Finn's (Hoffman's) Playland this summer.

Let's stay in touch

...has 4 comments, most recently from mg

A look inside 2 Judson Street

...has 3 comments, most recently from Diane (Agans) Boyle

Everything changes: Alicia Lea

...has 2 comments, most recently from Chaz Boyark

Thank you!

...has 24 comments, most recently from Erik

A few things I think about this place

...has 13 comments, most recently from Katherine