Albany-Schenectady-Troy, New York Unemployment
The BLS reported that the unemployment rate for Albany rose 0.1 percentage points in November 2023 to 3.2%. For the same month, the metro unemployment rate was 1.1 percentage points lower than the New York rate. The unemployment rate in Albany peaked in April 2020 at 14.3% and is now 11.1 percentage points lower. From a post peak low of 2.7% in April 2023, the unemployment rate has now grown by 0.5 percentage points. You can also compare Albany unemployment with unemployment in other cities.
| Unemployment Rate | November 2023 | Month/Month | Year/Year |
|---|---|---|---|
| National | 3.7% | -0.1 | +0.1 |
| New York | 4.3% | +0.1 | +0.2 |
| Albany | 3.2% | +0.1 | +0.2 |
Unemployment Rate: Albany, New York, National
Note: Recessions shown in gray.
Albany, New York Unemployed
The number of people unemployed in Albany peaked in April 2020 at 64,971. There are now 49,747 fewer people unemployed in the metropolitan area. From a recent trough of 12,616 in April 2023, the number of unemployed has now grown by 2,608. Albany employment and jobs data (including jobs lost/gained in Albany, New York) is also available.
| Unemployed Persons | November 2023 | Month/Month | Year/Year |
|---|---|---|---|
| Albany | 15,224 | +690 | +1,624 |
Number of Unemployed Persons
Albany, New York Unemployment History
| Date | National Unemployment Rate |
New York Unemployment Rate |
Albany Unemployment Rate |
Albany Unemployed |
|---|---|---|---|---|
| December 2023 |
3.7% | — | — | — |
| November 2023 |
3.7% | 4.3% | 3.2% | 15,224 |
| October 2023 |
3.8% | 4.2% | 3.1% | 14,534 |
| September 2023 |
3.8% | 4.0% | 3.0% | 13,782 |
| August 2023 |
3.8% | 3.9% | 2.9% | 13,343 |
| July 2023 |
3.5% | 3.9% | 2.8% | 12,830 |
| June 2023 |
3.6% | 3.9% | 2.8% | 12,774 |
| May 2023 |
3.7% | 3.9% | 2.8% | 12,710 |
| April 2023 |
3.4% | 4.0% | 2.7% | 12,616 |
| March 2023 |
3.5% | 4.1% | 2.8% | 12,995 |
| February 2023 |
3.6% | 4.2% | 2.9% | 13,253 |
| January 2023 |
3.4% | 4.2% | 3.0% | 13,559 |
1. Metro area unemployment rates are now seasonally adjusted. The BLS has started publishing smoothed seasonally adjusted metropolitan area data which makes comparisons to state and national data more relevant than the unadjusted numbers. ↩
Department of Numbers
The Department of Numbers contextualizes public data so that individuals can form independent opinions on everyday social and economic matters.
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