3.2% Albany Metro jobless rate lowest for July since 1999

PHOTOGRAPHER:

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 employment.

The two numbers are among the highest and lowest, respectively, in the region for the month of July since 1990.

Hamilton County, with its tiny population and busy summer economy, had the lowest July 2022 unemployment rate of any county in the state, at 2.6%.

Bronx County, which has the lowest per-capita income in the state, had the highest jobless rate, at 9.1%.

The following jobless rates were reported for the month in counties in and near the Capital Region:

  • Albany 3.3%
  • Fulton 4.1%
  • Montgomery 4.3%
  • Rensselaer 3.3%
  • Saratoga 2.8%
  • Schenectady 3.6%
  • Schoharie 3.5%

Saratoga County’s 2.8% was tied with Yates County for second-lowest July jobless rate in the state, and Columbia County was right behind at 2.9%.

More: All News

By John Cropley

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