ALBANY — The unemployment rate in the Capital Region was 3.9 percent in February, a full percentage point lower than a year earlier.
The state Department of Labor on Tuesday released its February 2019 jobless estimates for counties and regions statewide. The Albany-Schenectady-Troy Metropolitan Statistical Area had one of the lowest numbers in the state and also was slightly lower than the nation as a whole.
The 3.7 percent jobless rates in Albany and Saratoga counties were among the lowest in the state. County rates ranged from 3.5 percent (Nassau County) to 8.2 percent (Hamilton County).
Meanwhile, the Albany-Schenectady-Troy metro had 5,500 more non-agricultural jobs in February 2019 than in February 2018, about half of which were in the leisure and hospitality sector.
The smaller counties nearby that are not part of any metropolitan statistical area did not fare as well: Fulton County gained 200 jobs while Montgomery and Otsego counties both lost 100.
The counties in the greater Capital Region all saw their unemployment rates drop over the 12 months. The following chart shows the rate in February 2019 and in February 2018:
- Albany 3.7% 4.6%
- Fulton 5.9% 7.2%
- Montgomery 5.9% 7.4%
- Rensselaer 4.1% 5.1%
- Saratoga 3.7% 4.7%
- Schenectady 4.1% 5.1%
- Schoharie 5.9% 7.0%
- Metro area 3.9% 4.9%
- N.Y. state 4.4% 5.1%
- United States 4.1% 4.4%