October 11 2018
Employment/Workforce

The Capital Region Goes on a Hiring Spree

With a low unemployment rate and high private sector employment, the Capital Region’s economy is continuing to see strong job growth as the number of local job openings continues to rise. Even with employment in the eight-county region’s private sector climbing in 2017 to its highest level in more than

October 3 2018
Employment/Workforce, Manufacturing

Celebrating the Capital Region’s Manufacturing Industries

As Manufacturing Day is celebrated this Oct. 5, it is important to remember that while large manufacturers, such as General Electric, GLOBALFOUNDRIES and Regeneron Pharmaceuticals, have helped turn the Capital Region into a thriving manufacturing metro, they are not alone in making the area stand out on the national level.

September 10 2018
Employment/Workforce

Employment in Downtown Albany at 8-Year High

Business activity in Albany’s greater downtown area continues to rebound, with the number of people working there climbing to an eight-year high, according to a Center for Economic Growth (CEG) analysis of data from the U.S. Census Bureau’s ZIP Code Business Statistics. As of 2016, the 12207 ZIP code, which

September 10 2018
Employment/Workforce

Inclusive Labor Force Growth in the Capital Region

With the Capital Region’s unemployment rate dipping below 4 percent this spring and summer, the region’s five-year economic development plan, Capital 20.20, is looking more prescient in its emphasis on reaching out to hard-to-reach populations.   Hard-to-Reach Populations For the region’s economy to continue to grow, it is imperative for

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

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

July 18 2018
Education/Training, Employment/Workforce

Capital Region STEM Degree Awards up 10% in 2017

The talent pipeline for the Capital Region’s technology sector continued to expand in 2017, with traditional colleges and universities throughout the eight counties seeing a 10.3 percent year-over-year increase in STEM degrees awarded, according to a Center for Economic Growth Analysis of new data from the Integrated Postsecondary Education Database

July 18 2018
Employment/Workforce, Manufacturing

Capital Region Manufacturing Employment Reached 16-Year High in 2017

Employment in the Capital Region’s manufacturing sector last year climbed to its highest level since 2001. In 2017, the eight-county region’s manufacturers drove a 1.6 percent annual net jobs gain to an annual average of 34,322. Employment was up 7.6 percent from five years earlier, according to a Center for

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

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

Funding Partners