capital region core unemployment 1990-2012 publish

Unemployment rate calculated via figures from open.ny.gov (spreadsheet). The recession periods are from the National Bureau of Economic Research.

The unemployment rates are not seasonally adjusted. It's also worth noting that the metro area figure the labor department publishes (as in the embedded doc below) includes Schoharie County. The graph above does not -- it includes only data for Albany, Rensselaer, Saratoga, and Schenectady counties.

Zooming out on Capital Region unemployment

capital region core unemployment 1990-2012

Don't squint. Here's a large-format version.

The state Department of Labor released unemployment data today for areas around the state -- and they were remarkably familiar, in a bad way.

The Albany-Schenectady-Troy metro area's unemployment rate was 8.4 percent in January. That was up from 8.2 percent in January 2012 -- though DOL reported there were about 2,000 more people employed this past January compared to the previous January. (The local area unemployment data isn't seasonally adjusted, so the best comparison is the same month the year before.)

Compared to the rest of the state, the Albany metro isn't doing so badly. It had basically the third lowest rate in the state, behind Ithaca (6.7) and the NYC suburbs/Long Island (7.9). Among the areas at the other end of the spectrum: Elmira (10.5), Glens Falls (10.3), and Utica/Rome (10.2). (The metro and county breakdown is post jump.)

The state's overall unemployment rate was 8.4 percent in January, the same as it was in January 2012. And it was up from 8.2 percent in December. (The statewide rate is seasonally adjusted, so month-to-month comparisons are OK.) The national unemployment rate was 7.9 percent.

A wider perspective
OK, the Albany metro's rate -- 8.4 percent -- seems high. How high? To put it in perspective, we pulled the unemployment data for the Capital Region's four core counties for 1990-2012. Large-format chartage is post jump.


The chart is in large-format above -- scroll all the way up.


Metro and county

NYS Department of Labor Area Unemployment Rates 2013-1 by

Comments

While it may be true that "about 2,000 more people are employed now than they were a year ago," it is important to look at what exactly it means to be "employed" in these terms. Many people who have until recently been out of work have taken "jobs" at low-paying, non-benefit, often service sector, temp, or part-time jobs. Don't be fooled by these numbers - more people may technically be "employed," but the reality of the situation is that the availability of *good* jobs is still in the toilet.

Wow, almost 4 years with no change... And they only count those who get unemployment benefits. College kids who can't find a job after graduation are not included.

It appears that, for the Capital Region from January 2012 to January 2013, we saw an increase of 2,000 employed individuals. But we also saw an increase of 1,400 unemployed individuals.

With a total of 37,400 unemployed, those figures don't bode well for currently-unemployed area residents. Especially when a mainstay of area employment -- local and state government and school districts -- are not hiring, and many of the well-paying technology jobs are filled by newcomers to the area.


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

Upcoming lunch options at the ESP: Bombers, Kuma Ani, The Dutch Pot

Coming to the Empire State Plaza main cafeteria in September: Bombers, Kuma Ani, and The Dutch Pot. The state's Office of General Services, which manages... (more)

"Now they call me the doughnut king"

Deanna recently wrote a profile over at the Times Union about Golden Harvest's John Henry. He came here as on a migrant farm worker visa... (more)

Restaurants with good gluten-free options?

Kara emails: I was diagnosed with Celiac Disease a few months ago, and was wondering if you can solicit recommendations from your readers on area... (more)

Twiddle at The Palace for New Year's Eve

The Palace announced this week that Twiddle will be playing a New Year's Eve show there this year. Tickets go on sale this Friday (September... (more)

The time zone next door

Massachusetts is studying the possibility of shifting the state to the Atlantic Time Zone -- so, one hour ahead of the Eastern Time Zone --... (more)

Recent Comments

... I think a competition would really help to open everyone's eyes to the real potential of the site. Too much time has been spent with typical, antiquated ideas. Let design professionals with new ideas have a crack at the site and you'll be amazed at it's potential.

Restaurants with good gluten-free options?

...has 2 comments, most recently from Gregory Kern

Twiddle at The Palace for New Year's Eve

...has 1 comment, most recently from Saul

An 18th century Albany wedding cake (maybe)

...has 2 comments, most recently from Eric Scheirer Stott

The Al Tech Steel factory

...has 9 comments, most recently from Jim Loiselle

Sarah and Brianna's apartment on the park

...has 4 comments, most recently from mg