Tech and Navy hubs are major contributors to region’s population A county containing a large U.S. Navy base in South Carolina and two more counties with major tech hubs in Arizona and Massachusetts are sending more population “flows,” or movers, to the Capital Region than any other outside of New
Both Albany and Saratoga counties are regularly outperforming the majority of large U.S. counties when it comes to the growth of average weekly wages, according to a Center for Economic Growth Analysis of new data from the Bureau of Labor Statistics. Wage Growth Performance In Q1 2019, Albany County’s average
Boosted by the introduction of ridesharing to upstate, as well as a stronger real estate market and creative economy, the Capital Region’s ranks of independent contractors increased by 5.4 percent between 2013 and 2017. The economic impact of these mostly self-employed or freelance workers, also referred to as “nonemployer establishments,”
FOR IMMEDIATE RELEASE May 31, 2019 400 students to graduate from Capital Region BOCES on June 4, many have jobs lined up ***Soon-to-be-employed graduates available for interview*** ALBANY, NEW YORK – As the Capital Region’s high school seniors prepare for graduation, those planning to directly enter the labor force will
The Capital Region averaged an unemployment rate 3.8 percent last year – the lowest annual rate since 2001. That also continued a trend that has been playing out for more than a quarter of a century in which the eight-county region’s rate has registered below the nation’s, according to a
With New York State pursuing one of the nation’s most ambitious plans for generating offshore wind (OSW), the Center for Economic Growth (CEG) is working to position the Capital Region’s two water ports as facilities for the manufacturing and fabrication of OSW components. In January 2018, New York State released
The talent pipeline for the Capital Region’s tech sector is becoming more diversified, with local colleges and institutions awarding 35.8 percent more STEM degrees to minorities1 over the past five years, according to a Center for Economic Growth analysis of data from the Integrated Postsecondary Education Data System (IPEDS). STEM
The Capital Region’s manufacturing sector employed more than 34,000 workers in 2017 and is projected to add nearly 2,800 over the next 10 years. That 7 percent increase in manufacturing employment far outpaces projections for the nation (0 percent) and state (-5 percent), according to estimates from Economic Modeling Specialists
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
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.
