Monitoring Millennials in the Capital District and Beyond Albany County leads the region for the largest concentration and share of Millennials between the ages of 20 and 34 and outpaces the state and national averages. As one of the largest generations in history, and outnumbering Baby Boomers, Millennials are important to today’s economy. They are […]
Drought Risk in the Capital District Once Again The Capital Region, along with the northeast in general, is not accustomed to drought conditions. While much of the southeast and western United States have experienced deep, prolonged, drought in recent years, that is not the reality for the northeast. However, even the northeast is not immune […]
Regional Population Growth in 2017 With the release of the 2017 population estimates, it is increasingly clear that population growth for the region’s municipalities remains stable and concentrated in Saratoga County. Of the region’s top 10 fastest growing municipalities, seven are located in Saratoga County. Halfmoon remains the fastest growing municipality in the region, growing […]
Cost of Living in the Capital District Remains Generally Stable The Cost of Living index experiences increases in health care and miscellaneous goods and services; decreases were seen in transportation and utilities. On May 31, the Council for Community and Economic Research (C2ER) released the first quarter Cost of Living Index for participating communities across […]
Regional Building Permits Remained Stable in 2017 Regional housing market shows continued stability through building permits; demand for multi-family units remains strong The 2017 Census Building Permits data are now available from CDRPC. The data continues to show both short-term and long-term trends in new residential development. Over the short-term, building activity has stabilized, and […]
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 […]
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%, […]