capital region unemployment 10yr Mays 2010-5

The Capital Region's unemployment rate is a little better. Sort of. Maybe.

capital region unemployment 10 years of May

The dots mark the Capital Region unemployment rate for each May since 2000. It's easier to read big.

The Capital Region's unemployment rate was 6.5 percent in May, according to the state Department of Labor. It was 6.5 percent in April and 6.7 percent in May 2009. (May to May is the best comparison because the local unemployment rate is not seasonally adjusted.)

The labor department reports the number of non-farm jobs in the Capital Region last month was down 2,500 compared to May 2009. There are still almost 30,000 people unemployed in the Capital Region.

New York State's overall unemployment rate in May was 8.3 -- the lowest rate since April 2009. The state's rate was 8.4 this past April and 8.4 in May 2009 (seasonally adjusted). But the labor department says the number of non-farm jobs in the state last month was down 22,700 compared to May 2009.

So, what's up here? There are fewer jobs compared to this time year -- but the unemployment rate is down (slightly)?

The decline might have something to do with how the unemployment rate is calculated. People who are self-employed are not counted in the survey. As former US labor secretary Robert Reich recently noted in NYT, there's been a surge of "entrepreneurship" reported -- but he calls many of these people "involuntary" entrepreneurs. That is, they can't find a job, so they've set out on their own in an attempt to scrape something together. They're not technically unemployed -- but, even if they've found some work, many are worse off than before the recession.

Also not counted in the survey: people who have simply given up on trying to find a job.

It's easy to see how people could get demoralized. This recession is tough (thank you, Captain Obvious). And many of the jobs lost may not be coming back.

That unemployment rate for the entire United States was 9.7 percent in May.

Breakouts for individual Capital Region counties:

Comments

Also not included of course are the people who've left the state. Funny how often that happens when you tax the heck out of people.

I wonder if these numbers include the people who are unemployed, but their unemployment benefits have been exhausted? I fall into that category. I doubt I'll continue to be in the unemployment stats, but that doesn't mean I'm suddenly employed....

Now if employers would just start returning phone calls....

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.

Thank you!

...has 27 comments, most recently from Ashley

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

A few things I think about this place

...has 13 comments, most recently from Katherine