Subscriber login

Business
What you need to know for 04/29/2017

Area’s jobless rate drops to 5.4 percent

Area’s jobless rate drops to 5.4 percent

The Capital Region’s unemployment rate fell 1.1 percent in the 12 months leading up to July from 6.5

The Capital Region’s unemployment rate fell 1.1 percent in the 12 months leading up to July from 6.5 percent to 5.4 percent, according to preliminary data released today by the state Department of Labor.

The Albany-Schenectady-Troy metro had the third lowest unemployment rate among upstate New York metros in July. The Ivy League metro of Ithaca maintained its long-running lead with 4.8 percent unemployment last month, while the Glens Falls metro reported 5.3 percent unemployment last month.

Saratoga County had the second lowest unemployment rate in the state last month at 4.7 percent, down a full point from 5.7 percent last July. Hamilton County had the lowest rate at 3.9 percent.

Elsewhere in the Capital Region:

Albany County’s unemployment rate was 5.5 percent, down a full point from 6.5 percent.

Rensselaer County’s unemployment rate was 5.7 percent, down 1.3 percent from 7 percent.

Schenectady County’s unemployment rate was 5.8 percent, down 1.3 percent from 7.1 percent.

Schoharie County’s unemployment rate was 6.9 percent, down 0.9 percent from 7.8 percent.

Just outside of the Albany-Schenectady-Troy metro were some of the bigger drops. Fulton County unemployment fell 1.7 percent from 8.7 percent to 7 percent. Montgomery County unemployment fell 1.4 percent from 8.8 percent to 7.4 percent.

Statewide, unemployment fell a full point from 7.8 percent in July 2013 to 6.8 percent in July 2014. The seasonally adjusted rate was 6.6 percent last month, the lowest level since November 2008.

View Comments
Hide Comments
You have 0 articles 1 articles 2 articles 3 articles 4 articles 5 articles 6 articles 7 articles remaining of Daily Gazette free premium content.

You have reached your monthly premium content limit.

Continue to enjoy Daily Gazette premium content by becoming a subscriber.
Already a subscriber? Log In