Capital District unemployment rate continues to float near 4%

The New York State Department of Labor has released the regional labor market data for December 2017.  The year-over-year change shows an increase in the overall unemployment rate, 4.2% for December 2017 as compared to 3.9% for December 2016.  However, since December 2014, the region has experienced a general declining trend in the unemployment rate. … Read more »

New Technical Assistance Program Available for Capital Region Communities

Program intended to fill gaps in local needs and enhance capacity to advance projects (Albany, NY) The Capital District Transportation Committee (CDTC) and the Capital District Regional Planning Commission (CDRPC) are pleased to announce a collaborative technical assistance program aimed at helping area communities advance local projects that resonate with the New Visions 2040 Regional… Read more »

CDRPC adopts new, regional Comprehensive Economic Development Strategy

At its meeting today, the Capital District Regional Planning Commission (CDRPC) approved a new Comprehensive Economic Development Strategy for the four-county Capital District.  CDRPC is responsible for developing and maintaining a continuing planning process for Regional economic development pursuant to federal guidelines set forth by the Economic Development Administration.  Among those responsibilities is the preparation and adoption… Read more »

Median Household Incomes Flat and Income Inequality Still Exists

After adjusting for inflation, median household incomes have largely remained flat since 1990 and, in some instances, lower. Meanwhile, income inequality by race and ethnicity linger. Median Household Incomes in Constant Dollars Median household incomes in Albany, Rensselaer, and Schenectady counties have changed very little since 1990. In 1990, the median household incomes (after adjusting… Read more »

Increase in Year-to-Year Unemployment Rate; More People in Labor Force

More People Employed, Unemployed since November 2016 Today, the New York State Department of Labor released preliminary local area unemployment rates for November 2017.  Saratoga and Albany Counties are among the counties with the lowest unemployment rates (not seasonally adjusted) in November at 4.0% and 4.2%, respectively.  All four Capital District counties have unemployment rates between… Read more »