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What you need to know for 08/21/2017

State: Region added 2,300 jobs in year leading up to November

State: Region added 2,300 jobs in year leading up to November

The Capital Region added a net 2,300 private sector and government jobs in the 12 months leading up

The Capital Region added a net 2,300 private sector and government jobs in the 12 months leading up to November, ticking the region’s job count up half a percent to 454,100.

The figures come from the state Labor Department, which issued a preliminary report today. Their job count is based on a payroll survey of 18,000 New York employers and conducted by the U.S. Department of Labor’s Bureau of Labor Statistics.

Most of the jobs gained were in the private sector. The Albany-Schenectady-Troy metropolitan area added 2,000 private sector jobs over this period, up 0.6 percent from one year earlier. Zooming in, the region gained a net 1,300 jobs from October to November.

The state Labor Department also reported that the statewide unemployment rate dropped from 7.7 percent in October to 7.4 percent in November — its lowest level since January 2009.

“In November 2013, the state’s economy continued to expand, reaching another all-time high number of private sector jobs — 7,493,500,” said Bohdan M. Wynnyk, deputy director of the Division of Research and Statistics.

Reach Gazette reporter Bethany Bump at 395-3107 or bbump@dailygazette.net.

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