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

Augusten Burroughs at Skidmore

Author Augusten Burroughs will be at Skidmore April 13 for a talk about his new memoir Lust & Wonder. Northshire Bookstore is hosting the event.... (more)

Checking out the pizza at Restaurant Navona

More pizza touring, this time at the recently opened Restaurant Navona. It's the place that took over the Midtown Tea and Tap Room space on... (more)

Recommendations for cleaning services?

J emails: Several of my friends are looking for a referral for a house cleaner or house cleaning service that is fantastic in all senses... (more)

Morning Blend

There are school district votes today in Albany, Scotia-Glenville, and Troy. Don't know where to vote? Check with your district. Here's the where-to-vote info for... (more)

Snow, probably

Check out these snowfall probability forecasts/maps the National Weather Service Albany office has been posting online. The non-winter winter hasn't provided many opportunities for making... (more)

Recent Comments

I'd have to say a night time stroll around the Empire State Plaza. We don't have any romantic vistas like the movies' with a drive up lot over a shimmering city below, but we do have a fantastic place to stop and look out over downtown and there's this great feeling that the plaza is a well kept secret for lovers out for a walk at night.

Drawing: The Lovely Feast at Takk House

...has 37 comments, most recently from Chuck

Recommendations for cleaning services?

...has 3 comments, most recently from Sarah

How NYC does protected bike lanes

...has 2 comments, most recently from Cyril

Redeveloping a corner in Troy

...has 5 comments, most recently from spencer

How New Yorkers see the presidential race

...has 1 comment, most recently from JayK