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 |
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 64,559. 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. ↩
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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