August 8 2018
Economic Analysis, Employment/Workforce

Capital Region Economic Stability

Last May, the Capital Region’s unemployment rate dropped below 4 percent, ending its third longest steak above that level since 1990 (23 months). Often referred to as a threshold, either psychological or arbitrary, the sub-4 percent rate signals economic strength. However, issues remain about sustainability. Although the region has taken few trips below this threshold

August 8 2018
Economic Analysis, Employment/Workforce, Manufacturing, Regional/County Profiles

The Capital Region’s 2017 Economic Performance

The Capital Region’s annual job growth was on par with its 10 peer economic regions in 2017. Although the peer regions had lower unemployment rates than the Capital Region, they are also dealing with more austere labor force shortages and greater wage inflation, according to a Center for Economic Growth (CEG) analysis of data from

June 13 2018
Economic Analysis, General

Many Capital Region Communities Were among NY’s Fastest-Growing in 2017

Three of New York’s top 10 fastest-growing cities were in the Capital Region in 2017. Even more, on a year-over-year basis, the eight-county region also housed the state’s second and third fastest-growing towns and fastest-growing village, according to a Center for Economic Growth (CEG) analysis of new U.S. Census Bureau data. Out of the Capital

June 13 2018
Economic Analysis, Employment/Workforce, General

Local Homeownership Rate Rises for First Time in 8 Years. What Does that Mean for the Labor Force?

The area’s homeownership rate last year rose for the first time since 2010. The uptick in this rate may provide clues to the area’s coinciding increase in its unemployment rate for the first time in six years, though economists remain divided over whether there is not only correlative but also a causal relationship between these

June 13 2018
Economic Analysis, General

Commuting Trends Highlight Growing Regionalization of the Capital Region

Residents of the Capital Region and its outlying counties are increasingly crossing county and state lines – and traveling longer – to get to work. At the same time, greater shares of workers in the region’s neighboring counties in Massachusetts and Vermont are likewise commuting across state lines. Taken together, these commuting trends support a

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