Capital Region

Region’s jobless rate dips to 3.1% in October

Saratoga County unemployment rate second-lowest in state
Comparing jobless rates in Capital Region counties in October 2017 and October 2018.
PHOTOGRAPHER:
Comparing jobless rates in Capital Region counties in October 2017 and October 2018.

ALBANY — The Capital Region unemployment rate dropped to 3.1 percent in October.

Among the state’s metropolitan statistical areas, only Ithaca was lower, at 3 percent, though two others also came in at 3.1 percent for October.

At the local level, Saratoga County’s 2.9 percent jobless rate was the lowest among the five counties in the Albany-Schenectady-Troy Metropolitan Statistical Area and second-lowest in the state, after Columbia County (2.7 percent).

The highest county jobless rate in the state in October was 5.3 percent in the Bronx, New York City’s poorest borough.

The estimates were issued Tuesday by the state Department of Labor and continue a statewide trend toward lower unemployment rates: October 2017 unemployment in the Capital Region was 4.1 percent, a full percentage point higher than in October 2018.

By the state Department of Labor’s estimate, which is not seasonally adjusted, the statewide jobless rate is 3.6 percent, and the nationwide rate is 3.5 percent, both also multi-decade lows.

Here are the unemployment rates for counties in the greater Capital Region for October 2018 and October 2017:

Albany 3.1% 4.1%

Fulton 4.0% 5.3%

Montgomery 4.0% 5.1%

Rensselaer 3.2% 4.1%

Saratoga 2.9% 3.7%

Schenectady 3.4% 4.4%

Schoharie 3.4% 4.5%

Categories: Business, News

0 Comments

No Comment.