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.

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

Planning Habitat for Humanity Capital District's future

Habitat for Humanity Capital District is starting a strategic planning process with a "Habitat Cafe" public meeting Monday, February 8 at the First Lutheran Church... (more)

Sentinel Butchery closed

Sentinel Butchery -- the whole-animal butcher shop that opened in downtown Troy last October -- has closed, Steve Barnes reports. [TU Table Hopping] Earlier: Talking... (more)

Phish back at SPAC for 2016

Phish is flocking back to SPAC for three shows July 1-3. Tickets go on sale February 26 -- they're $45 (lawn) and $65 (pavilion). (There's... (more)

A new complex for UAlbany, and a few thoughts about the future of the Harriman State Office Campus

UAlbany will be building a new complex on a chunk of the Harriman State Office Campus for the new College of Emergency Preparedness, Homeland Security... (more)

"We can no longer deny or ignore the extent of slavery right here in Albany"

Over at the Times Union, Paul Grondahl looks at the new exhibit at Fort Crailo in Rensselaer -- "A Dishonorable Trade: Human Trafficking in the... (more)

Recent Comments

... The warehouse district, from my anecdotally perspective, was once a fly by for those who used the #22 bus, but as more and more businesses open up, I've seen far more folks joining me for the bus ride to get to the warehouse district. In this example, you can also see how a growing business climate fed increased transit use, which feeds back into the business community in this corner of the city, resulting in a beautiful positive trend forward. Here's to more and more of these developments moving forward.

A new complex for UAlbany, and a few thoughts about the future of the Harriman State Office Campus

...has 2 comments, most recently from rob

She won Jeopardy three times -- and arm wrestled Alex Trebek

...has 4 comments, most recently from Amelia

New, but also sort of old

...has 6 comments, most recently from theshakes

Stuff to do this weekend

...has 2 comments, most recently from Steve N.

A sampling of cooking classes, summer 2013

...has 4 comments, most recently from Jen