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What you need to know for 07/27/2017

Private-sector job growth remains strong

Private-sector job growth remains strong

The Capital Region gained 4,000 jobs in the 12 months leading up to July, for a total job count of 4

The Capital Region gained 4,000 jobs in the 12 months leading up to July, for a total job count of 449,600 last month, according to preliminary figures released Thursday by the state Department of Labor.

The Albany-Schenectady-Troy metro was one of the fastest growing metros in the state for private-sector job growth. The region gained a net 5,200 private-sector jobs, up 1.5 percent from July 2013.

Private-sector jobs across the state were at an all-time high last month, while the state unemployment rate of 6.6 percent remained at its lowest level since November 2009.

“With 17,300 new jobs added in July 2014, New York state now marks 20 straight months of private-sector job growth, the longest streak since at least 1990, as far as records go back,” said Bohdan M. Wynnyk, deputy director of the state Labor Department’s Division of Research and Statistics. “In addition, our state’s jobless rate remained at its lowest level in more than 51⁄2 years.”

The state gained a net 15,900 private- and public-sector jobs in July, up 0.2 percent from the month before. The state gained a net 134,400 jobs from July 2013 to July 2014, a year-over-year increase of 1.5 percent.

Local unemployment rates will be released Tuesday.

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