Capital Region unemployment down a bit

capital region unemployment 5 year 2011-08

The last five Augusts. (see note below)

The Capital Region's unemployment rate was 6.7 percent in August, according to data out Tuesday from the state Department of Labor. That's down from 7.2 percent in August 2010, and 7 percent his past July. (August 2010 is the best comparison because the data is not seasonally adjusted.)

Even with the decline in unemployment rate, the Capital Region still had fewer people employed this past August compared to a year ago -- about 4,000 fewer people. There were just under 30,000 people unemployed in the Capital Region last month.

The chart above tracks the Capital Region's unemployment rate by month over the last five years, with each August marked.*

The state's unemployment rate was 7.7 percent, down from 8.3 percent in August 2010. The national unemployment rate was 9.1 percent.

Breakouts for local counties after the jump. Saratoga County had one of the lowest rates in the state.

* The five-year chart is based on data from the federal Bureau of Labor Statistics, plus the reported unemployment rate for August 2011 from the NYS Department of Labor (which could be revised). These numbers are also not seasonally adjusted. So, grains of salt for the chart.


Maybe I'm missing the obvious, but why are there peaks in unemployment rate each January?

Not seasonally adjusted = layoffs in January in the retail sector after the holidays.

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

Albany Capital Center construction tour

The Albany Capital Center doesn't open until next March, but the structure of the new convention center has taken shape and, from the exterior at... (more)

Mapping a history of inequality in Albany, Schenectady, and Troy

You've probably heard of the term "redlining" -- it refers to the practice of denying services, such as mortgage lending, to people in certain neighborhoods... (more)

A winter that's back to normal?

Projections for what a winter is going to be like here -- especially when it comes to snowfall -- are probably best taken with some... (more)

Halloween tours, parties, and events around the Capital Region

Don't worry if you haven't figured out your costume for Halloween yet, there's still plenty of plain-clothes fun to be had in the Capital Region... (more)

Drawing: Tickets for contemporary circus clown show at Rev Hall + a Brown's gift card

Marquise Productions -- the contemporary circus company based in Troy (and a finalist in this year's AOA Startup Grant competition) -- has a show lined... (more)

Recent Comments

... the Helderberg neighborhood is fabulous for Trick or Treating, maybe too much so. We always see families coming from other parts of Albany by the van load - being dropped off at one end and working their way to the other. Lots of houses in friendly neighborhoods = a packed and good time. It is also rumored that a few adults dress up and roam the streets handing out adult beverages to other adults. Again, just a rumor...

Good neighborhoods for trick-or-treating?

...has 10 comments, most recently from jd

Drawing: Tickets for contemporary circus clown show at Rev Hall + a Brown's gift card

...has 29 comments, most recently from Lisa Mycio

Beer Diviner planning Troy spot

...has 1 comment, most recently from s

New York's farm cideries

...has 3 comments, most recently from JOTeepe

Poems in the fountain

...has 2 comments, most recently from Herbert