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Labor Market Overview

Albany-Schenectady-Troy MSA
May 2012

prepared by:
James H. Ross
Labor Market Analyst

Available online at www.labor.state.ny.us/stats/cap/albany.pdf

20
12

20
10

20
08

20
06

20
04

20
02

20
00

19
98

19
96

19
94

19
92

480
470
460
450
440
430
420
410
400
390
380

19
90

Jobs (In Thousands)

NONAGRICULTURAL WAGE AND SALARY JOBS


ALBANY-SCHENECTADY-TROY MSA,
May 1990-May 2012

MONTHLY JOB COUNTS


ALBANY - SCHENECTADY - TROY MSA, 2008 - 2012

Jobs (In Thousands)

470
460
450
440
430
420
410
400
Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Month
2008

2009

2010

2011

2012

Sep

Oct

Nov

Dec

-4.0%
Jan 2000
Apr
July
Oct
Jan 2001
Apr
Jul
Oct
Jan 2002
Apr
Jul
Oct
Jan 2003
Apr
Jul
Oct
Jan 2004
Apr
Jul
Oct
Jan 2005
Apr
Jul
Oct
Jan 2006
Apr
Jul
Oct
Jan 2007
Apr
July
Oct
Jan 2008
Apr
July
Oct
Jan 2009
Apr
July
Oct
Jan 2010
Apr
July
Oct
Jan 2011
Apr
Jul
Oct
Jan 2012
Apr

Percent

RATE OF GROWTH IN JOBS


ALBANY - SCHENECTADY - TROY MSA, January 2000 -May 2012

3.0%

2.0%

1.0%

0.0%

-1.0%

-2.0%

-3.0%

Note: Based on year-to-year change

NONAGRICULTURAL EMPLOYMENT BY SUPER-SECTOR


ALBANY-SCHENECTADY-TROY MSA, May 2012

Industry Super-sector
Const/Nat. Resources &
Mining
4%

Manufacturing
5%

Trade, Transportation, &


Utilities
16%
Information
2%

Government
23%

Financial Activities
6%

Professional & Business


Svcs.
12%

Other Svcs
4%
Leisure & Hospitality
8%

Educational & Health


Svcs.
20%

NET CHANGE IN JOB COUNTS BY SUPER-SECTOR


ALBANY - SCHENECTADY - TROY MSA, May 2011 - May 2012
2500

Net Chamge in Jobs

2000
1500
1000
500
0
-500
-1000

Const. &
Nat. Res.

Mfg.

Trade,
Trans. &
Util.

Info.

Fin. Act.

Prof. & Bus. Ed. & Health Leisure & Other Svcs.
Svcs.
Svcs
Hosp.

Govt.

Industry Super-sector

PERCENT CHANGE IN JOB COUNTS BY SUPER-SECTOR


ALBANY - SCHENECTADY - TROY MSA, May 2002 - May 2012
15.8%

20%
10.1%

4.5%

13.6%

Percent Change

10%
-0.8%

0%
-10%

-0.6%

-6.9%

-5.2%

-6.5%

-20%
-30%

-29.8%
-40%

Const. &
Nat. Res.

Mfg.

Trade,
Trans. &
Util.

Info.

Fin. Act. Prof. & Bus. Ed. & Health Leisure & Other Svcs.
Svcs.
Svcs
Hosp.

Industry Super-sector

Govt.

EMPLOYMENT IN NONAGRICULTURAL ESTABLISHMENTS, BY PLACE OF WORK


ALBANY-SCHENECTADY-TROY AREA
(In thousands, not seasonally adjusted)
MAY APR
MAY
Net
Pct
Net
Pct
2012 2012
2011 Month Month Year Year
Total Nonfarm
446.7 441.4
439.5
5.3
1.2
7.2
1.6
Total Private
341.9 338.1
335.8
3.8
1.1
6.1
1.8
Goods Producing
41.9
40.3
38.2
1.6
4.0
3.7
9.7
Natural Resources, Mining and Construction
18.7
17.6
16.9
1.1
6.3
1.8 10.7
Manufacturing
23.2
22.7
21.3
0.5
2.2
1.9
8.9
Service Providing
404.8 401.1
401.3
3.7
0.9
3.5
0.9
Private Service Providing
300.0 297.8
297.6
2.2
0.7
2.4
0.8
Trade, Transportation, and Utilities
71.5
70.9
71.7
0.6
0.8 -0.2
-0.3
Wholesale Trade
13.1
13.0
13.3
0.1
0.8 -0.2
-1.5
Retail Trade
46.2
45.9
46.1
0.3
0.7
0.1
0.2
Food and Beverage Stores
10.0
9.8
9.7
0.2
2.0
0.3
3.1
General Merchandise Stores
8.4
8.5
8.5
-0.1
-1.2
-0.1
-1.2
Transportation, Warehousing, and Utilities
12.2
12.0
12.3
0.2
1.7 -0.1
-0.8
Transportation and Warehousing
10.6
10.4
10.7
0.2
1.9 -0.1
-0.9
Information
8.5
8.5
8.8
0.0
0.0 -0.3
-3.4
Telecommunications
3.1
3.0
3.0
0.1
3.3
0.1
3.3
Financial Activities
24.9
24.9
24.5
0.0
0.0
0.4
1.6
Professional and Business Services
53.3
52.2
51.3
1.1
2.1
2.0
3.9
Professional, Scientific, and Technical Services
30.4
29.9
29.7
0.5
1.7
0.7
2.4
Management of Companies and Enterprises
6.8
6.8
6.6
0.0
0.0
0.2
3.0
Admin. & Supp. and Waste Manage. & Remed. Servs. 16.1
15.5
15.0
0.6
3.9
1.1
7.3
Education and Health Services
87.3
88.5
87.8
-1.2
-1.4
-0.5
-0.6
Educational Services
25.0
26.2
26.4
-1.2
-4.6
-1.4
-5.3
Health Care and Social Assistance
62.3
62.3
61.4
0.0
0.0
0.9
1.5
Ambulatory Health Care Services
17.3
17.3
17.1
0.0
0.0
0.2
1.2
Hospitals
17.9
18.0
17.8
-0.1
-0.6
0.1
0.6
Leisure and Hospitality
36.7
35.1
35.6
1.6
4.6
1.1
3.1
Accommodation and Food Services
31.4
30.4
30.3
1.0
3.3
1.1
3.6
Other Services
17.8
17.7
17.9
0.1
0.6 -0.1
-0.6
Government
104.8 103.3
103.7
1.5
1.5
1.1
1.1
Federal Government
6.6
6.7
6.9
-0.1
-1.5
-0.3
-4.3
Federal Government Hospitals
1.6
1.6
1.6
0.0
0.0
0.0
0.0
State Government
48.7
48.5
49.0
0.2
0.4 -0.3
-0.6
State Government Education
7.7
7.9
7.1
-0.2
-2.5
0.6
8.5
State Government Hospitals
0.6
0.6
0.6
0.0
0.0
0.0
0.0
Local Government
49.5
48.1
47.8
1.4
2.9
1.7
3.6
Local Government Education
29.8
28.9
28.8
0.9
3.1
1.0
3.5
Industry

NOTE: DATA ARE SUBJECT TO REVISION. DETAIL MAY NOT ADD TO TOTALS DUE TO ROUNDING. NET AND PERCENT
CHANGES ARE BASED ON ROUNDED DATA

UNEMPLOYMENT RATE
ALBANY-SCHENECTADY-TROY MSA,
May 1990 May 2012
10
9
8
7

Rate

6
5
4
3
2
1

20
12

20
10

20
08

20
06

20
04

20
02

20
00

19
98

19
96

19
94

19
92

19
90

RESIDENT CIVILIAN UNEMPLOYMENT RATE - May 2012


United States, New York State & Albany-Schenectady-Troy MSA By County
14%
12%
8.6%

Rate

10%

7.9%

8.0%
7.6%

7.4%

A-S-T

Albany

7.9%

8.8%

7.1%

8%
6%
4%
2%
0%

USA

NYS

Renss

Sara

Sch'dy

Scho

EMPLOYED, UNEMPLOYED, AND RATE OF UNEMPLOYMENT


BY PLACE OF RESIDENCE
FOR NEW YORK STATE AND MAJOR LABOR AREAS, MAY 2012
(Numbers in thousands, not seasonally adjusted)
----------------------------------------------------------------------------|
EMPLOYED
|
UNEMPLOYED
| UNEMP. RATE
AREA/COUNTY
|
MAY |
APR |
MAY | MAY | APR | MAY | MAY| APR| MAY
| 2012 | 2012 | 2011 | 2012 | 2012 | 2011 |2012|2012|2011
----------------------------------------------------------------------------UNITED STATES 142727.0 141995.0 140028.0 12271 11910 13421 7.9 7.7 8.7
NEW YORK STATE
8717.3
8704.3
8735.8 824.7 766.6 735.3 8.6 8.1 7.8
NEW YORK CITY
3577.6
3585.7
3592.1 380.6 343.9 336.0 9.6 8.8 8.6
BRONX
476.4
477.5
478.4
70.2
64.9
62.4 12.8 12.0 11.5
KINGS
1007.2
1009.5
1011.3 115.7 107.0 103.1 10.3 9.6 9.2
NEW YORK
849.8
851.7
853.3
75.5
64.6
65.4 8.2 7.0 7.1
QUEENS
1023.8
1026.1
1028.0
98.2
87.2
86.6 8.8 7.8 7.8
RICHMOND
220.4
220.9
221.3
21.0
20.3
18.6 8.7 8.4 7.8
PUT-ROCK-WEST
637.7
633.3
636.2
48.6
44.9
43.4 7.1 6.6 6.4
PUTNAM
50.6
50.2
50.5
3.7
3.3
3.5 6.8 6.2 6.5
ROCKLAND
145.9
144.9
145.6
10.9
10.3
9.5 7.0 6.6 6.1
WESTCHESTER
441.2
438.2
440.2
34.0
31.3
30.4 7.2 6.7 6.5
NASSAU-SUFFOLK
1358.1
1350.3
1360.4 108.5 103.5
97.6 7.4 7.1 6.7
NASSAU
636.3
632.6
637.4
49.2
45.4
43.9 7.2 6.7 6.4
SUFFOLK
721.8
717.6
723.0
59.3
58.1
53.7 7.6 7.5 6.9
ALB-SCHEN-TROY
411.5
409.5
409.4
33.7
31.8
30.0 7.6 7.2 6.8
ALBANY
144.0
143.3
143.2
11.5
10.6
10.4 7.4 6.9 6.7
RENSSELAER
75.9
75.5
75.5
6.5
6.3
5.8 7.9 7.7 7.1
SARATOGA
108.7
108.1
108.1
8.3
7.7
7.2 7.1 6.7 6.3
SCHENECTADY
69.0
68.6
68.6
6.0
5.7
5.4 8.0 7.7 7.3
SCHOHARIE
14.1
14.0
14.0
1.4
1.4
1.2 8.8 9.2 8.1
BINGHAMTON
109.7
109.5
109.2
10.1
9.6
9.3 8.5 8.0 7.8
BROOME
86.6
86.4
86.2
8.2
7.7
7.5 8.7 8.2 8.0
TIOGA
23.1
23.1
23.0
1.9
1.8
1.8 7.7 7.4 7.1
BUFFALO-NIAGARA
521.2
521.6
525.1
48.2
46.9
43.2 8.5 8.2 7.6
ERIE
421.0
421.3
424.1
38.5
36.9
34.6 8.4 8.1 7.5
NIAGARA
100.2
100.3
101.0
9.6
9.9
8.5 8.8 9.0 7.8
ELMIRA (CHEMUNG)
35.6
35.5
37.2
3.5
3.3
3.0 8.9 8.4 7.5
GLENS FALLS
62.7
62.3
61.7
5.4
5.4
5.0 8.0 8.0 7.5
WARREN
32.8
32.6
32.4
3.0
3.1
2.7 8.4 8.6 7.8
WASHINGTON
29.8
29.6
29.4
2.4
2.3
2.3 7.5 7.3 7.1
ITHACA (TOMPKINS) 50.9
50.9
53.6
3.5
3.1
3.0 6.4 5.7 5.4
KINGSTON (ULSTER) 81.6
81.7
80.6
7.8
7.3
6.9 8.8 8.2 7.8
POUGH-NEWB-MDLT
292.7
293.0
294.7
26.4
24.8
23.5 8.3 7.8 7.4
DUTCHESS
133.5
133.6
134.4
11.9
10.6
10.5 8.2 7.4 7.3
ORANGE
159.2
159.4
160.4
14.5
14.2
13.0 8.3 8.2 7.5
ROCHESTER
486.9
485.3
482.2
42.6
40.3
38.0 8.0 7.7 7.3
LIVINGSTON
29.9
29.8
29.6
2.7
2.6
2.3 8.3 7.9 7.2
MONROE
342.9
341.7
339.6
29.6
27.9
26.5 7.9 7.5 7.2
ONTARIO
52.7
52.6
52.2
4.3
4.1
3.8 7.5 7.2 6.8
ORLEANS
17.5
17.4
17.3
1.8
1.9
1.6 9.5 9.7 8.4
WAYNE
43.9
43.7
43.5
4.2
3.9
3.8 8.7 8.2 8.1
SYRACUSE
294.4
294.5
293.8
27.6
26.0
24.9 8.6 8.1 7.8
MADISON
33.0
33.0
32.9
3.0
3.0
2.7 8.3 8.3 7.6
ONONDAGA
209.8
209.9
209.4
18.8
17.4
16.6 8.2 7.6 7.4
OSWEGO
51.6
51.6
51.5
5.8
5.6
5.5 10.2 9.8 9.7
UTICA-ROME
128.9
127.7
126.6
12.1
11.4
10.7 8.6 8.2 7.8
HERKIMER
28.6
28.4
28.1
2.8
2.8
2.5 8.8 9.0 8.3
ONEIDA
100.3
99.3
98.5
9.3
8.6
8.2 8.5 8.0 7.7
----------------------------------------------------------------------------Note: Data are subject to revision. Detail may not add to totals due to rounding.
Source: New York State Department of Labor, Division of Research and Statistics.

EMPLOYED, UNEMPLOYED, AND RATE OF UNEMPLOYMENT


BY PLACE OF RESIDENCE
FOR COUNTIES NOT WITHIN MAJOR LABOR AREAS, MAY 2012
(Numbers in thousands, not seasonally adjusted)
----------------------------------------------------------------------------|
EMPLOYED
|
UNEMPLOYED
| UNEMP. RATE
AREA/COUNTY
|
MAY |
APR |
MAY | MAY | APR | MAY | MAY| APR| MAY
| 2012 | 2012 | 2011 | 2012 | 2012 | 2011 |2012|2012|2011
----------------------------------------------------------------------------ALLEGANY
21.3
21.7
21.8
2.0
1.9
2.0 8.7 8.1 8.4
CATTARAUGUS
36.7
36.6
36.7
3.6
3.5
3.4 8.9 8.6 8.4
CAYUGA
37.3
37.1
37.5
3.3
3.2
2.9 8.1 7.9 7.3
CHAUTAUQUA
57.2
56.7
57.6
5.2
5.0
4.7 8.4 8.1 7.6
CHENANGO
22.7
22.7
22.5
2.1
1.9
1.9 8.3 7.9 7.8
CLINTON
34.2
34.1
34.4
3.7
3.6
3.7 9.8 9.6 9.7
COLUMBIA
28.0
27.9
28.3
2.3
2.2
2.1 7.7 7.2 7.0
CORTLAND
22.0
22.1
22.3
2.0
2.0
1.8 8.5 8.2 7.5
DELAWARE
19.4
19.5
20.0
1.9
1.8
1.7 9.0 8.7 7.9
ESSEX
15.4
14.9
15.4
1.7
1.8
1.6 10.1 10.7 9.1
FRANKLIN
20.0
19.9
20.2
2.1
2.1
1.9 9.7 9.7 8.8
FULTON
23.7
23.8
24.0
2.9
2.8
2.6 10.8 10.6 9.6
GENESEE
29.7
29.0
30.0
2.4
2.4
2.3 7.5 7.6 7.0
GREENE
21.1
20.9
21.2
2.2
2.2
2.0 9.6 9.4 8.5
HAMILTON
2.5
2.3
2.5
0.3
0.3
0.2 9.2 11.6 8.6
JEFFERSON
44.7
43.3
44.5
4.7
4.8
4.5 9.6 10.0 9.1
LEWIS
11.3
11.0
11.4
1.2
1.3
1.1 9.9 10.2 9.1
MONTGOMERY
21.4
21.3
21.5
2.5
2.5
2.2 10.3 10.4 9.3
OTSEGO
28.9
28.8
29.2
2.4
2.4
2.1 7.7 7.6 6.9
ST. LAWRENCE
43.7
43.9
44.1
5.0
4.9
4.9 10.4 10.1 10.0
SCHUYLER
9.2
9.0
9.4
0.8
0.8
0.7 8.1 8.4 7.3
SENECA
15.7
15.5
15.6
1.4
1.2
1.2 8.1 7.4 7.2
STEUBEN
40.0
40.2
40.4
4.3
4.1
4.0 9.8 9.2 8.9
SULLIVAN
30.8
30.4
31.0
3.3
3.2
3.0 9.7 9.4 8.7
WYOMING
18.6
18.5
18.6
1.7
1.7
1.5 8.4 8.4 7.5
YATES
12.5
12.4
12.5
0.9
0.9
0.9 7.0 6.8 6.4
----------------------------------------------------------------------------Note: Data are subject to revision. Detail may not add to totals due to rounding.
Source: New York State Department of Labor, Division of Research and Statistics.

10

CONSUMER CONFIDENCE INDEX


UNITED STATES AND ALBANY-SCHENECTADY-TROY MSA
FIRST QUARTER 2012
100
84.4
90

75.5

76.4

75.3

73.5

69.7

70
60
50
40

Total

Current
United States

Future

Albany-Schenectady-Troy MSA

Source: Siena Research Institute

Index

CONSUMER CONFIDENCE INDEX


UNITED STATES AND ALBANY-SCHENECTADY-TROY MSA
110
105
100
95
90
85
80
75
70
65
60
55
50

4Q
tr
0
2Q 1
tr
0
4Q 2
tr
2Q 02
tr
0
4Q 3
tr
0
2Q 3
tr
0
4Q 4
tr
0
2Q 4
tr
0
4Q 5
tr
0
2Q 5
tr
0
4Q 6
tr
2Q 06
tr
0
4Q 7
tr
0
2Q 7
tr
0
4Q 8
tr
0
2Q 8
tr
0
4Q 9
tr
0
2Q 9
tr
1
4Q 0
tr
1
2Q 0
tr
1
4Q 1
tr
11

Index

80

Year and Q uarter

Albany-Schenectady-Troy MSA

11

United States

FACT SHEET
This fact sheet conveys important technical information that will
contribute to a better understanding of resident labor force, including
unemployment rates, and job data included in this and future press releases.
State unemployment rates based on regression model
Unemployment rates for New York State and all other states (as well as
New York City and the City of Los Angeles) are estimated using time-series
regression models developed by the U.S. Bureau of Labor Statistics. The model
reduces month-to-month variation in labor force data by reducing variation
caused by sampling errors and other statistical noise (irregularities).
Benchmarking of estimates
At the end of each year, labor force data are revised to reflect
updated input data including new Census population controls, revised
establishment jobs data, and revised state-level data from the Current
Population Survey (CPS). As part of this procedure, all state figures are
reviewed, revised as necessary, and then re-estimated. This process is
commonly referred to as "benchmarking."
Changes in methodology
With the release of January 2005 data, a new time-series regression
model that utilizes "real-time" benchmarking is in effect. The redesigned
model should reduce end-of-year revisions as major economic events will be
reflected in a more timely manner. The new model also changes how estimates of
new entrants or re-entrants into the labor force are made for sub-state areas,
which may result in higher or lower unemployment rates in some sub-state
areas. Also effective with the release of January 2005 data are updated metro
area definitions. Please see http://www.labor.state.ny.us/pdf/enys1104.pdf for
additional details.
Unemployed and UI Beneficiaries
The estimate of the number of unemployed includes all persons who had
no employment during the reference week (the week including the 12th of the
month), were available for work, except for temporary illness, and had made
specific efforts to find employment sometime during the 4-week period ending
with the reference week. Unemployment insurance (UI) beneficiaries include
those who apply for and qualify for UI benefits. Consequently, the estimate of
the number of unemployed and the number of UI beneficiaries do not necessarily
move in tandem. Persons collecting UI benefits generally make up from 35 to 50
percent of the unemployed.
Job data
Monthly job data are obtained from the Current Employment Statistics
survey of business establishments, which samples 18,000 establishments in New
York State. The survey excludes self-employed workers, agricultural workers,
unpaid family workers and domestic workers employed by private households.
The data represent a count of jobs by place of work. Estimates for each month
are revised the following month, as well as at the end of each year, as more
complete data become available.
Press release availability
In an effort to distribute information faster and more reliably and to
reduce shipping costs, the New York State Department of Labor's monthly press
release is available exclusively online at: http://www.labor.state.ny.us.

12

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