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What you need to know for 01/18/2017

Unemployment rates fall in August in Capital Region counties

Unemployment rates fall in August in Capital Region counties

Unemployment fell across the Capital Region in August, mirroring state and national trends, accordin

Unemployment fell across the Capital Region in August, mirroring state and national trends, according to preliminary figures released today by the state Labor Department.

The unemployment rate for the Albany-Schenectady-Troy area was 6.3 percent in August, down from 6.4 percent one month earlier and 7.5 percent one year earlier. The region boasts one of the lower rates among metropolitan areas in the state. Ithaca’s is the lowest, at 5.6 percent.

Jobless rates for individual counties in the Capital Region varied widely, with Saratoga County tied with Yates County for the second-lowest rate in the state, at 5.4 percent, and nearby Montgomery County suffering the fifth-highest rate in the state at 8.5 percent.

Saratoga County’s unemployment rate was down from 5.6 percent in July and 6.6 percent in August 2012.

Albany County had the area’s next-lowest unemployment rate, at 6.3 percent — down from 6.4 percent one month earlier and 7.7 percent one year earlier.

Schenectady County had an unemployment rate of 6.9 percent in August — down from 7 percent one month earlier and 8 percent one year earlier.

In Schoharie County, August unemployment was 7.2 percent — down from 7.7 percent one month earlier and 8 percent one year earlier.

In Fulton County, unemployment fell to 8.3 percent in August from 8.5 percent in July. This was down more nearly 2 full points from 10.1 percent in August 2012.

Montgomery County experienced a smaller drop. Unemployment fell from 8.7 percent in July to 8.5 percent in August, down from 9.9 percent one year earlier.

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