Department of Numbers

Albany-Schenectady-Troy, New York Unemployment

The BLS reported that the unemployment rate for Albany fell 0.1 percentage points in March 2023 to 2.8%. For the same month, the metro unemployment rate was 1.3 percentage points lower than the New York rate. The unemployment rate in Albany peaked in April 2020 at 14.3% and is now 11.5 percentage points lower. You can also compare Albany unemployment with unemployment in other cities.

Unemployment Rate March 2023 Month/Month Year/Year
National 3.5% -0.1 -0.1
New York 4.1% -0.1 -0.3
Albany 2.8% -0.1 -0.1
Note: Metro level data is now seasonally adjusted.1 All comparisons are made with March 2023 data as April 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 64,971. There are now 51,978 fewer people unemployed in the metropolitan area. Albany employment and jobs data (including jobs lost/gained in Albany, New York) is also available.

Unemployed Persons March 2023 Month/Month Year/Year
Albany 12,993 -260 -422

Number of Unemployed Persons

Albany, New York Unemployment History

Date National
Unemployment Rate
New York
Unemployment Rate
Albany
Unemployment Rate
Albany
Unemployed
April
2023
3.4%
March
2023
3.5% 4.1% 2.8% 12,993
February
2023
3.6% 4.2% 2.9% 13,253
January
2023
3.4% 4.2% 3.0% 13,559
December
2022
3.5% 4.1% 3.0% 13,600
November
2022
3.6% 4.1% 3.0% 13,600
October
2022
3.7% 4.2% 3.0% 13,652
September
2022
3.5% 4.0% 3.0% 13,773
August
2022
3.7% 3.9% 3.0% 13,878
July
2022
3.5% 4.0% 3.0% 13,930
June
2022
3.6% 4.1% 3.0% 13,929
May
2022
3.6% 4.1% 3.0% 13,826

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.