Department of Numbers

Albany-Schenectady-Troy, New York Unemployment

The BLS reported that the unemployment rate for Albany fell 0.1 percentage points in November 2022 to 2.9%. 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 11.5 percentage points lower. From a post peak low of 2.9% in April 2022, the unemployment rate has now grown by 0.0 percentage points. You can also compare Albany unemployment with unemployment in other cities.

Unemployment Rate November 2022 Month/Month Year/Year
National 3.6% -0.1 -0.6
New York 4.3% 0.0 -1.1
Albany 2.9% -0.1 -0.6
Note: Metro level data is now seasonally adjusted.1 All comparisons are made with November 2022 data as December 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 51,302 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 23. Albany employment and jobs data (including jobs lost/gained in Albany, New York) is also available.

Unemployed Persons November 2022 Month/Month Year/Year
Albany 13,257 -240 -2,339

Number of Unemployed Persons

Albany, New York Unemployment History

Date National
Unemployment Rate
New York
Unemployment Rate
Albany
Unemployment Rate
Albany
Unemployed
December
2022
3.5%
November
2022
3.6% 4.3% 2.9% 13,257
October
2022
3.7% 4.3% 3.0% 13,497
September
2022
3.5% 4.3% 3.1% 13,963
August
2022
3.7% 4.7% 3.1% 13,946
July
2022
3.5% 4.3% 3.0% 13,548
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

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.