Capital Region

State’s unemployment rate continued to decrease in August

Volunteers distribute food boxes at Saratoga County Fairgrounds on September 16, 2020.
PHOTOGRAPHER:
Volunteers distribute food boxes at Saratoga County Fairgrounds on September 16, 2020.

Categories: -The Daily Gazette, Business, News

The state Department of Labor on Thursday reported jobless rates and job-creation statistics for August.

While the unemployment rates were two to four times higher in August 2020 than in August 2019, they were significantly lower than in July 2020.

The seasonally adjusted unemployment rate for New York state (excluding New York City) was 9.9% in August, down from 13.1% in July and up from 4.0% in August 2019.

The Department of Labor noted that by federal estimates, the state added 96,300 private-sector jobs in August 2020, the fourth consecutive month that metric has seen an increase.

That was not enough to compensate for the massive job loss seen at the height of the pandemic, however: New York state in August 2020 had 1,096,900 fewer private-sector jobs than in August 2019. The Capital Region was down 40,900 private-sector jobs, an 11% decrease year over year.

Through the COVID crisis, from March 8 through Sept. 12, 3.74 million initial claims for unemployment insurance were filed in New York state, 146,371 of them in the Capital Region.

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