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

Updates: 3Fish Coffee, 288 Lark Street

Quick updates on a couple of Lark Street-area storefronts... 3Fish Coffee The new cafe next to the Downtube on Madison Ave across from Washington Park... (more)

Stuff to do this weekend

OK, March is still doing its lion thing, but it's spring and it's the weekend -- two things to be happy about. After the jump,... (more)

Morning Blend

American Health Care Act + A spokesman for Elise Stefanik said Thursday evening she's still undecided about how to vote on the American Health Care... (more)

Today in America

Our country's been going through some rough times politically. It's hard to feel optimistic at the moment. Then you watch 20 people become American citizens.... (more)

Breathing Lights project finale

The official wrap-up for the Breathing Lights public art project is set for April 7 at Proctors. Blurbage: Why spend a $1M on public art?... (more)

Recent Comments

I was very negative about the road diet when it was announced but I really love it and am excited to see it continue all the way to Lark. I eat my words!

Drawing: Tickets for John Mayer at TU Center + a gift card for Ama Cocina

...has 97 comments, most recently from c.

Public meeting for second phase of Madison Ave Road Diet in Albany

...has 10 comments, most recently from Andrew

Today in America

...has 3 comments, most recently from Paul G

Morning Blend for Mar 23

...has 2 comments, most recently from Dave

Highway cap

...has 1 comment, most recently from Elisabeth