3.2% Albany Metro jobless rate lowest for July since 1999

3.2% Albany Metro jobless rate lowest for July since 1999

ALBANY — The Albany metro area had an estimated 3.2% jobless rate last month, the lowest recorded by the region in any July since 1999. That compares to 4.5% in July 2021 and 8.5% in July 2020, which was the highest unemployment rate recorded for the month since the current record-keeping system began in 1990. The state Department of Labor issued the preliminary data Tuesday. The percentages translate to 444,400 people working in the Albany-Schenectady-Troy Metropolitan Statistical Area working at least part time in the middle of the month and 14,900 not working but able to work and actively seeking…
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Broadalbin hemp processor licensed to produce adult-use cannabis products

Broadalbin hemp processor licensed to produce adult-use cannabis products

ALBANY — State regulators this week announced they had licensed the first 15 companies to produce the edibles and other marijuana-derived products that will be sold by cannabis dispensaries when they open for sales.There still is no exact target date for the start of legal retail sales of marijuana and its extracts for recreational use by adults. The state Office of Cannabis Management is crafting the regulatory framework for the new cannabis market, and simultaneously trying to make it safe, have a positive economic impact, and provide social justice and equity for communities that for decades bore the brunt of marijuana…
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Member of family that owns Stewart’s Shops drowns in Friends Lake

Member of family that owns Stewart’s Shops drowns in Friends Lake

CHESTERTOWN — A member of the family that founded Stewart’s Shops and a longtime member of its board of directors drowned Sunday in Friends Lake.Perrin W. Dake, 62, had been swimming off his boat at the time.A caller told the Warren County Sheriff’s Office a swimmer on the east side of the lake had been in distress and slipped beneath the surface around 2 p.m. Sunday.Divers from the Sheriff’s Office and New York State Police, assisted by multiple fire departments, searched unsuccessfully for Dake until around 8:30 p.m., when darkness impaired visibility. They resumed their search Monday, and recovered his body around…
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Counties get millions to boost emergency radio networks

Counties get millions to boost emergency radio networks

ALBANY — Area counties will get millions of dollars to upgrade their emergency radio systems through state grants funded by cellphone surcharges. The state on Wednesday announced the 2022 distribution of the annual funding, which is designed to improve public safety communications networks within and between agencies and jurisdictions. The 57 counties and New York City will receive a combined $100 million — $90 million under the Statewide Interoperable Communications Grant program, for large-scale projects, and $10 million under the Public Safety Answering Point program, to support day-to-day operations of public safety communications centers. Locally, the 2022 awards break down…
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CDPHP, MVP, other health insurers seek major rate hikes in 2023

ALBANY — Health insurers are asking state regulators for their largest premium increases in several years — a weighted average of 18.7% for the individual market and 16.5% for the small group market.By weighted average, the requests submitted by Capital Region-based insurers MVP Health Care and CDPHP range from 13.6% to 38.4%, with individual rate increases of as much as 48.2%.The state Department of Financial Services reviews the requests submitted by insurers operating in New York and typically approves a lesser amount than originally requested. In 2021, CDPHP and MVP requested premium increases ranging from 4.9% to 16.9% but were granted 3.4%…
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