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.

Comments

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

A quick recap of the week

Here are a few highlights from the past week on AOA: + Hey, look, it's a new in-between places place: Waterford. + M. asked about... (more)

Parking spot dog park

We took a few minutes Friday afternoon to check out some of the displays for Park(ing) Day in Albany (as mentioned), an event that temporarily... (more)

Night of the Walking Red in "Ginger City, USA"

The League of Extraordinary Red Heads will once again stage its Night of the Walking Red October 1 at Brown's Brewing Co. in Troy. Organizer... (more)

Suggestions for dealing with lead abatement?

Sandra emails: We just bought a house, and discovered that there is very badly chipping lead paint on a couple of radiators in our house.... (more)

Stuff to do this weekend

The last weekend of summer has officially arrived, though, let's be honest, we're already in cider donut and sweater mode. This weekend, as we straddle... (more)

Recent Comments

... I was impressed w/ All Day She Plays and actually bought a dress - during lunch - in Albany. Haven't walked out of my office building during lunch and bought a dress since I lived in NYC.

Parking spot dog park

...has 1 comment, most recently from Robyn

The latest One Monument Square plan evolves

...has 10 comments, most recently from J. Welf

Park(ing) Day

...has 1 comment, most recently from Maurice

Suggestions for dealing with lead abatement?

...has 7 comments, most recently from Shawn

Pop. Pop. Pop. Shop.

...has 10 comments, most recently from Rich