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What you need to know for 10/23/2017

Jobless rate drops in Capital Region

Jobless rate drops in Capital Region

For a second straight month, three Capital Region counties had some of the lowest unemployment rates

For a second straight month, three Capital Region counties had some of the lowest unemployment rates in the state.

Albany, Saratoga and Schenectady counties were among the top 10 counties with the lowest rates in the state last month, according to preliminary state Department of Labor data released Tuesday.

Albany County ranked fourth in the state with an unemployment rate of 5.5 percent in March, down a full percentage point from one year earlier. Saratoga County tied for fifth with Westchester County with a 5.7 percent rate, down nine-tenths of a point from one year earlier. Schenectady County was tied with Columbia County for the eighth lowest rate at 6.2 percent, down one full point from last March.

Overall, the Capital Region had a 5.9 percent unemployment rate in March, down 1.1 percent from last March. The Albany-Schenectady-Troy metropolitan area holds its spot as having the second lowest unemployment rate among upstate New York metros, after the Ivy League metro of Ithaca, which boasted a 4.4 percent rate last month. Suburban counties downstate also held low unemployment rates.

The Capital Region’s rural areas saw lower rates of unemployment, but continued to hold much higher unemployment rates than the rest of the region.

In Schoharie County, 8.8 percent of residents were unemployed in March, down from 10.1 percent last March.

Montgomery County’s unemployment rate was 8.7 percent in March, down from 10.4 percent one year earlier.

Fulton County saw the largest year-over-year drop with an unemployment rate at 8.5 percent last month, down two full points from last March.

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

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