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 6 2018
Education/Training, Employment/Workforce, Manufacturing, News

KeyBank Foundation Awards CEG $250K to Expand MFG Training Programs at HVCC, SCCC

Media Contact James Schlett Center for Economic Growth Director of Research and Communications 518-465-8975 X221 | jamess@ceg.org CEG, partners are bridging the skills gap as Capital Region manufacturing employment reaches 16-year high ALBANY, NEW YORK – As employment in the Capital Region’s manufacturing sector climbs to a 16-year high, KeyBank Foundation today announced its award

May 16 2018
Employment/Workforce, General

Area Has One of Northeast’s Smallest Pay Gaps for Women Working Full-Time

Women working full-time in the Albany-Schenectady-Troy metropolitan statistical area (MSA) face the smallest pay gap in upstate New York and the fourth smallest in the Northeast. Even more, those working in the local management, utilities and manufacturing sectors are closest to earning as much – if not more – than their male counterparts, according to

May 16 2018
Employment/Workforce

Capital Region’s Unemployment Rate Returns to No. 1 in NYS

CEG intensifies efforts to boost employment by tapping talent from inside and outside the region The Capital Region in 2017 reclaimed its standing as having the lowest unemployment rate in New York, tying the Long Island region. At 4.4 percent, the eight-county region’s unemployment rate was its ninth lowest in the last 18 years, according

May 16 2018
Employment/Workforce

Success Story: Talent Connect Expanding Representation of CEG Investors at Career Fairs

With both the regional and national economies running at full employment and intensifying the competition for talent, the Center for Economic Growth (CEG) is aggressively expanding its efforts to attract highly skilled workers to the Capital Region. This year CEG’s Talent Connect program is quintupling the number of career fairs throughout the Northeast that it

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