Department of Numbers

Albany-Schenectady-Troy, New York Unemployment

The BLS reported that the unemployment rate for Albany rose 0.1 percentage points in July 2022 to 3.0%. For the same month, the metro unemployment rate was 1.4 percentage points lower than the New York rate. The unemployment rate in Albany peaked in April 2020 at 14.4% and is now 11.4 percentage points lower. From a post peak low of 2.9% in April 2022, the unemployment rate has now grown by 0.1 percentage points. You can also compare Albany unemployment with unemployment in other cities.

Unemployment Rate July 2022 Month/Month Year/Year
National 3.5% -0.1 -1.9
New York 4.4% 0.0 -2.5
Albany 3.0% +0.1 -1.4
Note: Metro level data is now seasonally adjusted.1 All comparisons are made with July 2022 data as August metro level unemployment data has not yet been released.

Unemployment Rate: Albany, New York, National

Albany, New York monthly unemployment rate chart

Note: Recessions shown in gray.

Albany, New York Unemployed

The number of people unemployed in Albany peaked in April 2020 at 64,559. There are now 50,999 fewer people unemployed in the metropolitan area. From a recent trough of 13,234 in April 2022, the number of unemployed has now grown by 326. Albany employment and jobs data (including jobs lost/gained in Albany, New York) is also available.

Unemployed Persons July 2022 Month/Month Year/Year
Albany 13,560 +265 -5,974

Number of Unemployed Persons

Albany, New York Unemployment History

Date National
Unemployment Rate
New York
Unemployment Rate
Albany
Unemployment Rate
Albany
Unemployed
August
2022
3.7%
July
2022
3.5% 4.4% 3.0% 13,560
June
2022
3.6% 4.4% 2.9% 13,295
May
2022
3.6% 4.4% 2.9% 13,263
April
2022
3.6% 4.5% 2.9% 13,234
March
2022
3.6% 4.6% 3.0% 13,490
February
2022
3.8% 4.9% 3.1% 13,777
January
2022
4.0% 5.3% 3.2% 14,520
December
2021
3.9% 5.4% 3.5% 15,690
November
2021
4.2% 5.4% 3.5% 15,596
October
2021
4.6% 5.7% 3.5% 15,818
September
2021
4.7% 6.0% 3.8% 16,861

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.