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
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
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
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,
The Capital Region was New York’s second fastest-growing region in 2017, with its population increasing over the year by 2,795, or 0.3 percent. This represented a return to more robust growth following three years of marginal gains. Over the past five years, the region’s population has grown by 0.4 percent,
Albany Business Review By: Michael DeMasi In making its case for why Albany, New York, should become the home of Amazon.com Inc.’s second corporate headquarters, the Center for Economic Growth compared the city and region against one that’s very familiar to CEO Jeff Bezos: Seattle. It’s an interesting choice because
The Capital Region’s economic performance in 2016 was on par with its peer metropolitan statistical areas (MSAs) nationwide and bested all other comparable metros in upstate. Among 14 MSAs with similar populations and economies, the Capital Region ranked in the middle of them (8th) when their 2016 economic performance was
The Capital Region is increasingly being recognized as a hot spot for millennials, and particularly those fresh out of college or starting their professional careers. Forbes in June ranked Albany the nation’s 21st best city for young professionals, tying Atlanta. That followed ValuePenguin’s ranking of the Albany-Schenectady-Troy metropolitan statistical area
Region’s ranks of nonemployers grows slower than NY, US While businesses nationwide are increasingly utilizing on-demand services provided by independent contractors to perform work traditionally reserved for employees, new U.S. Census Bureau data indicates workers and employers in the eight-county region remain to favor traditional employment arrangements. Between 2012 and
Rensselaer and Greene Counties make biggest gains of small manufacturers Although large manufacturers with hundreds of employees have captured much of the spotlight in recent years, they represent only a sliver of the Capital Region’s manufacturing establishments. In fact, almost nine out of 10 (86.7 percent) manufacturing establishments throughout
