Development in the Capital Region Labor Market
From February 2020 to February 2021, the number of nonfarm jobs in the Albany-Schenectady-Troy MSA decreased 32,400 or 6.9 percent, while the number of private sector jobs decreased 26,600 or 7.3 percent. During this same period, the number of nonfarm jobs in the Glens Falls MSA decreased 2,400 or 4.6 percent, while the number of private sector jobs decreased 1,500 or 3.6 percent. The tables below present additional industry details.
Unemployment Rates (not seasonally adjusted)
|
Area |
February 2021 |
February 2020 |
|
United States |
6.6% |
3.8% |
|
New York State |
9.6% |
4.1% |
|
Capital Region |
6.4% |
4.1% |
|
Albany-Schenectady-Troy MSA |
6.3% |
4.0% |
|
Glens Falls MSA |
7.2% |
5.3% |
Albany-Schenectady-Troy MSA Industries by Job Gains:
|
Natural Resources, Mining and Construction |
+ |
100 |
|
Manufacturing |
- |
1,000 |
|
Trade, Transportation and Utilities |
- |
1,900 |
|
Information |
- |
400 |
|
Financial Activities |
- |
1,900 |
|
Professional and Business Services |
+ |
800 |
|
Educational and Health Services |
- |
8,200 |
|
Leisure and Hospitality |
- |
9,900 |
|
Other Services |
- |
4,200 |
|
Government |
- |
5,800 |
Glens Falls MSA Industries by Job Gains:
|
Natural Resources, Mining and Construction |
- |
100 |
|
Manufacturing |
- |
200 |
|
Trade, Transportation and Utilities |
+ |
300 |
|
Information |
- |
100 |
|
Financial Activities |
+ |
100 |
|
Professional and Business Services |
- |
300 |
|
Educational and Health Services |
- |
200 |
|
Leisure and Hospitality |
- |
500 |
|
Other Services |
- |
500 |
|
Government |
- |
900 |
Contact
For More Information, Please Contact:
Kevin Alexander
NYS Department of Labor
175 Central Avenue, 3rd Floor
Albany, NY 12206
Phone: (518) 242-8245
Email:[email protected]