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

Funding for new Thacher Park visitor center

State parks in the Capital Region are getting $8.675 million for a handful of construction/repair projects, the Cuomo admin announced today. The biggest chunk --... (more)

The 46ers

Check out this trailer/preview for The 46ers*, a documentary about people who hike the Adirondack's High Peaks. The cinematography is beautiful. Film blurbage: "The... (more)

Bright

A recent article in Intelligent Life -- a(nother) magazine from The Economist -- about the role of light in human biology highlights (ha) some interesting... (more)

Planning a Capital Region wedding: eloping

Lauren and George are planning a wedding in the Capital Region, and they're chronicling the planning process here on AOA. But this time, Lauren's talking... (more)

The Dude, he does

Fun: Local designer Andrew Gregory -- AKA lunchboxbrain -- has a shirt in the new Threadless collection inspired by The Big Lebowski. Andrew's shirt is... (more)

Recent Comments

Wow, a Merry Go Round! I read about those in the Babysitters' Club books, but I didn't know they actually existed. I kinda thought Ann M. Martin made them up...

Drawing: A Taste of Albany 2014

...has 94 comments, most recently from Liza

AOA birthday drawing: DelSo dinner, movies, cheese, and cookies

...has 272 comments, most recently from store ray ban

Planning a Capital Region wedding: eloping

...has 1 comment, most recently from David

The 46ers

...has 1 comment, most recently from Paul

Good open mic nights?

...has 12 comments, most recently from Deidra