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

This week was brought to you by

This week was brought to you by pretty birds, stinky trees and blooming tulips. And of course, it was brought to you by AOA's awesome... (more)

A quick recap of the week

Here are a few highlights from the past week on AOA: + We gave away tickets to Champagne on the Park by asking: If you... (more)

The 1 Monument Square project is off (again)

The development company behind the latest effort to build on the 1 Monument Square site in downtown Troy announced Friday that it's pulling out of... (more)

Blooming tulips, before and after

It's prime tulip season, so we put together another around of "sliding" before-and-after photos of the tulip beds in Washington Park. The pre-bloom photos are... (more)

Coyotes and their exciting opportunities

From the state Department of Environmental Conservation's annual heads-up-there-are-coyotes-here-please-don't-feed-them announcement (emphasis added): "In most cases, coyotes avoid people as much as possible. In fact, coyotes... (more)

Recent Comments

I know why I take the bus more - because it's easier to take now! Busplus from Schenec to Albany gives me a nice relaxing ride and I can do work or read my book, I basically gain an extra hour of my life. Can't wait for the navigator cards to ramp up. Much better than those ten trips.

The 1 Monument Square project is off (again)

...has 1 comment, most recently from Sean

Blooming tulips, before and after

...has 1 comment, most recently from Julie

Recycled funk: Those stinky trees

...has 4 comments, most recently from Jamie

Birding in Washington Park

...has 4 comments, most recently from Nancy

A big bucket of water for a big fire

...has 1 comment, most recently from Rob