Capital Region Jobs MAY2012

7/31/2019 Capital Region Jobs MAY2012

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Labor Market Overview

Albany-Schenectady-Troy MSA

prepared by:

James H. Ross

Labor Market Analyst

May 2012

Available online at www.labor.state.ny.us/stats/cap/albany.pdf


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2

MONTHLY JOB COUNTS

ALBANY - SCHENECTADY - TROY MSA, 2008 - 2012

400

410

420

430

440

450

460

470

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Month

J

obs(InThousands)

2008 2009 2010 2011 2012

NONAGRICULTURAL WAGE AND SALARY JOBS

ALBANY-SCHENECTADY-TROY MSA,

May 1990-May 2012

380

390

400

410

420

430

440

450

460

470

480

1990

1992

1994

1996

1998

2000

2002

2004

2006

2008

2010

2012

Jobs(In

Thousands)


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3

RATE OF GROWTH IN JOBS

ALBANY - SCHENECTADY - TROY MSA, January 2000 -May 2012

-4.0%

-3.0%

-2.0%

-1.0%

0.0%

1.0%

2.0%

3.0%

Jan2000

Apr

July

Oct

Jan2001

AprJul

Oct

Jan2002

AprJul

Oct

Jan2003

AprJul

Oct

Jan2004

AprJul

Oct

Jan2005

AprJul

Oct

Jan2006

AprJul

Oct

Jan2007

Apr

July

Oct

Jan2008

Apr

July

Oct

Jan2009

Apr

July

Oct

Jan2010

Apr

July

Oct

Jan2011

AprJul

Oct

Jan2012

A

Note: Based on year-to-yearchange


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4

Industry Super-sector

Professional & Busine

Svcs.

12%

Educational & Health

Svcs.

20%

Other Svcs

4%

Government

23%

Const/Nat. Resources &

Mining

4%

Information

2%

Financial Activities

6%

Trade, Transportation, &

Utilities

16%

Leisure & Hospitality

8%

Manufacturing

5%

NONAGRICULTURAL EMPLOYMENT BY SUPER-SECTOR

ALBANY-SCHENECTADY-TROY MSA, May 2012


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5

-1000

-500

0

500

1000

1500

2000

2500

NetChamgeinJobs

Const. &

Nat. Res.

Mfg. Trade,

Trans. &

Util.

Info. Fin. Act. Prof. & Bus.

Svcs.

Ed. & Health

Svcs

Leisure &

Hosp.

Other Svcs. Govt.


NET CHANGE IN JOB COUNTS BY SUPER-SECTOR

ALBANY - SCHENECTADY - TROY MSA, May 2011 - May 2012

4.5%

-6.5%

-6.9%

-29.8%

-0.8%

10.1%

15.8%

13.6%

-0.6%

-5.2%

-40%

-30%

-20%

-10%

0%

10%

20%

Pe

rcentChange

Const. &

Nat. Res.

Mfg. Trade,

Trans. &

Util.

Info. Fin. Act. Prof. & Bus.

Svcs.

Ed. & Health

Svcs

Leisure &

Hosp.

Other Svcs. Govt.


PERCENT CHANGE IN JOB COUNTS BY SUPER-SECTOR

ALBANY - SCHENECTADY - TROY MSA, May 2002 - May 2012


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6


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7

EMPLOYMENT IN NONAGRICULTURAL ESTABLISHMENTS, BY PLACE OF WORK

ALBANY-SCHENECTADY-TROY AREA

(In thousands, not seasonally adjusted)

IndustryMAY

2012

APR

2012

MAY

2011

Net

Month

Pct

Month

Net

Year

Pct

YearTotal Nonfarm 446.7 441.4 439.5 5.3 1.2 7.2 1.6Total Private 341.9 338.1 335.8 3.8 1.1 6.1 1.8Goods Producing 41.9 40.3 38.2 1.6 4.0 3.7 9.7Natural Resources, Mining and Construction 18.7 17.6 16.9 1.1 6.3 1.8 10.7Manufacturing 23.2 22.7 21.3 0.5 2.2 1.9 8.9Service Providing 404.8 401.1 401.3 3.7 0.9 3.5 0.9Private Service Providing 300.0 297.8 297.6 2.2 0.7 2.4 0.8Trade, Transportation, and Utilities 71.5 70.9 71.7 0.6 0.8 -0.2 -0.3Wholesale Trade 13.1 13.0 13.3 0.1 0.8 -0.2 -1.5

Retail Trade 46.2 45.9 46.1 0.3 0.7 0.1 0.2Food and Beverage Stores 10.0 9.8 9.7 0.2 2.0 0.3 3.1General Merchandise Stores 8.4 8.5 8.5 -0.1 -1.2 -0.1 -1.2

Transportation, Warehousing, and Utilities 12.2 12.0 12.3 0.2 1.7 -0.1 -0.8Transportation and Warehousing 10.6 10.4 10.7 0.2 1.9 -0.1 -0.9

Information 8.5 8.5 8.8 0.0 0.0 -0.3 -3.4Telecommunications 3.1 3.0 3.0 0.1 3.3 0.1 3.3

Financial Activities 24.9 24.9 24.5 0.0 0.0 0.4 1.6Professional and Business Services 53.3 52.2 51.3 1.1 2.1 2.0 3.9Professional, Scientific, and Technical Services 30.4 29.9 29.7 0.5 1.7 0.7 2.4

Management of Companies and Enterprises 6.8 6.8 6.6 0.0 0.0 0.2 3.0Admin. & Supp. and Waste Manage. & Remed. Servs. 16.1 15.5 15.0 0.6 3.9 1.1 7.3Education and Health Services 87.3 88.5 87.8 -1.2 -1.4 -0.5 -0.6Educational Services 25.0 26.2 26.4 -1.2 -4.6 -1.4 -5.3Health Care and Social Assistance 62.3 62.3 61.4 0.0 0.0 0.9 1.5Ambulatory Health Care Services 17.3 17.3 17.1 0.0 0.0 0.2 1.2Hospitals 17.9 18.0 17.8 -0.1 -0.6 0.1 0.6

Leisure and Hospitality 36.7 35.1 35.6 1.6 4.6 1.1 3.1Accommodation and Food Services 31.4 30.4 30.3 1.0 3.3 1.1 3.6Other Services 17.8 17.7 17.9 0.1 0.6 -0.1 -0.6

Government 104.8 103.3 103.7 1.5 1.5 1.1 1.1Federal Government 6.6 6.7 6.9 -0.1 -1.5 -0.3 -4.3Federal Government Hospitals 1.6 1.6 1.6 0.0 0.0 0.0 0.0State Government 48.7 48.5 49.0 0.2 0.4 -0.3 -0.6State Government Education 7.7 7.9 7.1 -0.2 -2.5 0.6 8.5State Government Hospitals 0.6 0.6 0.6 0.0 0.0 0.0 0.0Local Government 49.5 48.1 47.8 1.4 2.9 1.7 3.6Local Government Education 29.8 28.9 28.8 0.9 3.1 1.0 3.5

NOTE: DATA ARE SUBJECT TO REVISION. DETAIL MAY NOT ADD TO TOTALS DUE TO ROUNDING. NET AND PERCENT

CHANGES ARE BASED ON ROUNDED DATA


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8

7.9%

8.6%

7.6% 7.4%7.9%

7.1%

8.0%8.8%

0%

2%

4%

6%

8%

10%

12%

14%

Rate

USA NYS A-S-T Albany Renss Sara Sch'dy Scho

RESIDENT CIVILIAN UNEMPLOYMENT RATE - May 2012

United States, New York State & Albany-Schenectady-Troy MSA By County

0

1

2

3

4

5

6

7

8

9

10

1990

1992

1994

1996

1998

2000

2002

2004

2006

2008

2010

2012

Rate

UNEMPLOYMENT RATEALBANY-SCHENECTADY-TROY MSA,

May 1990May 2012


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9

EMPLOYED, UNEMPLOYED, AND RATE OF UNEMPLOYMENTBY PLACE OF RESIDENCE

FOR NEW YORK STATE AND MAJOR LABOR AREAS, MAY 2012(Numbers in thousands, not seasonally adjusted)

-----------------------------------------------------------------------------| EMPLOYED | UNEMPLOYED | UNEMP. RATE

AREA/COUNTY | MAY | APR | MAY | MAY | APR | MAY | MAY| APR| MAY| 2012 | 2012 | 2011 | 2012 | 2012 | 2011 |2012|2012|2011

-----------------------------------------------------------------------------UNITED STATES 142727.0 141995.0 140028.0 12271 11910 13421 7.9 7.7 8.7

NEW YORK STATE 8717.3 8704.3 8735.8 824.7 766.6 735.3 8.6 8.1 7.8NEW YORK CITY 3577.6 3585.7 3592.1 380.6 343.9 336.0 9.6 8.8 8.6BRONX 476.4 477.5 478.4 70.2 64.9 62.4 12.8 12.0 11.5KINGS 1007.2 1009.5 1011.3 115.7 107.0 103.1 10.3 9.6 9.2NEW YORK 849.8 851.7 853.3 75.5 64.6 65.4 8.2 7.0 7.1QUEENS 1023.8 1026.1 1028.0 98.2 87.2 86.6 8.8 7.8 7.8RICHMOND 220.4 220.9 221.3 21.0 20.3 18.6 8.7 8.4 7.8PUT-ROCK-WEST 637.7 633.3 636.2 48.6 44.9 43.4 7.1 6.6 6.4PUTNAM 50.6 50.2 50.5 3.7 3.3 3.5 6.8 6.2 6.5ROCKLAND 145.9 144.9 145.6 10.9 10.3 9.5 7.0 6.6 6.1WESTCHESTER 441.2 438.2 440.2 34.0 31.3 30.4 7.2 6.7 6.5NASSAU-SUFFOLK 1358.1 1350.3 1360.4 108.5 103.5 97.6 7.4 7.1 6.7NASSAU 636.3 632.6 637.4 49.2 45.4 43.9 7.2 6.7 6.4

SUFFOLK 721.8 717.6 723.0 59.3 58.1 53.7 7.6 7.5 6.9ALB-SCHEN-TROY 411.5 409.5 409.4 33.7 31.8 30.0 7.6 7.2 6.8ALBANY 144.0 143.3 143.2 11.5 10.6 10.4 7.4 6.9 6.7RENSSELAER 75.9 75.5 75.5 6.5 6.3 5.8 7.9 7.7 7.1SARATOGA 108.7 108.1 108.1 8.3 7.7 7.2 7.1 6.7 6.3SCHENECTADY 69.0 68.6 68.6 6.0 5.7 5.4 8.0 7.7 7.3SCHOHARIE 14.1 14.0 14.0 1.4 1.4 1.2 8.8 9.2 8.1BINGHAMTON 109.7 109.5 109.2 10.1 9.6 9.3 8.5 8.0 7.8BROOME 86.6 86.4 86.2 8.2 7.7 7.5 8.7 8.2 8.0TIOGA 23.1 23.1 23.0 1.9 1.8 1.8 7.7 7.4 7.1BUFFALO-NIAGARA 521.2 521.6 525.1 48.2 46.9 43.2 8.5 8.2 7.6ERIE 421.0 421.3 424.1 38.5 36.9 34.6 8.4 8.1 7.5NIAGARA 100.2 100.3 101.0 9.6 9.9 8.5 8.8 9.0 7.8ELMIRA (CHEMUNG) 35.6 35.5 37.2 3.5 3.3 3.0 8.9 8.4 7.5GLENS FALLS 62.7 62.3 61.7 5.4 5.4 5.0 8.0 8.0 7.5WARREN 32.8 32.6 32.4 3.0 3.1 2.7 8.4 8.6 7.8WASHINGTON 29.8 29.6 29.4 2.4 2.3 2.3 7.5 7.3 7.1ITHACA (TOMPKINS) 50.9 50.9 53.6 3.5 3.1 3.0 6.4 5.7 5.4KINGSTON (ULSTER) 81.6 81.7 80.6 7.8 7.3 6.9 8.8 8.2 7.8POUGH-NEWB-MDLT 292.7 293.0 294.7 26.4 24.8 23.5 8.3 7.8 7.4DUTCHESS 133.5 133.6 134.4 11.9 10.6 10.5 8.2 7.4 7.3ORANGE 159.2 159.4 160.4 14.5 14.2 13.0 8.3 8.2 7.5ROCHESTER 486.9 485.3 482.2 42.6 40.3 38.0 8.0 7.7 7.3LIVINGSTON 29.9 29.8 29.6 2.7 2.6 2.3 8.3 7.9 7.2MONROE 342.9 341.7 339.6 29.6 27.9 26.5 7.9 7.5 7.2

ONTARIO 52.7 52.6 52.2 4.3 4.1 3.8 7.5 7.2 6.8ORLEANS 17.5 17.4 17.3 1.8 1.9 1.6 9.5 9.7 8.4WAYNE 43.9 43.7 43.5 4.2 3.9 3.8 8.7 8.2 8.1SYRACUSE 294.4 294.5 293.8 27.6 26.0 24.9 8.6 8.1 7.8MADISON 33.0 33.0 32.9 3.0 3.0 2.7 8.3 8.3 7.6ONONDAGA 209.8 209.9 209.4 18.8 17.4 16.6 8.2 7.6 7.4OSWEGO 51.6 51.6 51.5 5.8 5.6 5.5 10.2 9.8 9.7UTICA-ROME 128.9 127.7 126.6 12.1 11.4 10.7 8.6 8.2 7.8HERKIMER 28.6 28.4 28.1 2.8 2.8 2.5 8.8 9.0 8.3ONEIDA 100.3 99.3 98.5 9.3 8.6 8.2 8.5 8.0 7.7-----------------------------------------------------------------------------Note: Data are subject to revision. Detail may not add to totals due to rounding.Source: New York State Department of Labor, Division of Research and Statistics.


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EMPLOYED, UNEMPLOYED, AND RATE OF UNEMPLOYMENT

BY PLACE OF RESIDENCEFOR COUNTIES NOT WITHIN MAJOR LABOR AREAS, MAY 2012

(Numbers in thousands, not seasonally adjusted)-----------------------------------------------------------------------------

| EMPLOYED | UNEMPLOYED | UNEMP. RATEAREA/COUNTY | MAY | APR | MAY | MAY | APR | MAY | MAY| APR| MAY

| 2012 | 2012 | 2011 | 2012 | 2012 | 2011 |2012|2012|2011-----------------------------------------------------------------------------ALLEGANY 21.3 21.7 21.8 2.0 1.9 2.0 8.7 8.1 8.4CATTARAUGUS 36.7 36.6 36.7 3.6 3.5 3.4 8.9 8.6 8.4CAYUGA 37.3 37.1 37.5 3.3 3.2 2.9 8.1 7.9 7.3CHAUTAUQUA 57.2 56.7 57.6 5.2 5.0 4.7 8.4 8.1 7.6

CHENANGO 22.7 22.7 22.5 2.1 1.9 1.9 8.3 7.9 7.8CLINTON 34.2 34.1 34.4 3.7 3.6 3.7 9.8 9.6 9.7COLUMBIA 28.0 27.9 28.3 2.3 2.2 2.1 7.7 7.2 7.0CORTLAND 22.0 22.1 22.3 2.0 2.0 1.8 8.5 8.2 7.5DELAWARE 19.4 19.5 20.0 1.9 1.8 1.7 9.0 8.7 7.9ESSEX 15.4 14.9 15.4 1.7 1.8 1.6 10.1 10.7 9.1FRANKLIN 20.0 19.9 20.2 2.1 2.1 1.9 9.7 9.7 8.8FULTON 23.7 23.8 24.0 2.9 2.8 2.6 10.8 10.6 9.6GENESEE 29.7 29.0 30.0 2.4 2.4 2.3 7.5 7.6 7.0GREENE 21.1 20.9 21.2 2.2 2.2 2.0 9.6 9.4 8.5HAMILTON 2.5 2.3 2.5 0.3 0.3 0.2 9.2 11.6 8.6JEFFERSON 44.7 43.3 44.5 4.7 4.8 4.5 9.6 10.0 9.1

LEWIS 11.3 11.0 11.4 1.2 1.3 1.1 9.9 10.2 9.1MONTGOMERY 21.4 21.3 21.5 2.5 2.5 2.2 10.3 10.4 9.3OTSEGO 28.9 28.8 29.2 2.4 2.4 2.1 7.7 7.6 6.9ST. LAWRENCE 43.7 43.9 44.1 5.0 4.9 4.9 10.4 10.1 10.0SCHUYLER 9.2 9.0 9.4 0.8 0.8 0.7 8.1 8.4 7.3SENECA 15.7 15.5 15.6 1.4 1.2 1.2 8.1 7.4 7.2STEUBEN 40.0 40.2 40.4 4.3 4.1 4.0 9.8 9.2 8.9SULLIVAN 30.8 30.4 31.0 3.3 3.2 3.0 9.7 9.4 8.7WYOMING 18.6 18.5 18.6 1.7 1.7 1.5 8.4 8.4 7.5YATES 12.5 12.4 12.5 0.9 0.9 0.9 7.0 6.8 6.4-----------------------------------------------------------------------------

Note: Data are subject to revision. Detail may not add to totals due to rounding.Source: New York State Department of Labor, Division of Research and Statistics.


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11

Source: Siena Research Institute

75.5 75.3

84.4

73.5 69.7

76.4

40

50

60

70

80

90

100

Total Current Future

CONSUMER CONFIDENCE INDEX

UNITED STATES AND ALBANY-SCHENECTADY-TROY MSA

FIRST QUARTER 2012

United States Albany-Schenectady-Troy MSA

CONSUMER CONFIDENCE INDEX

UNITED STATES AND ALBANY-SCHENECTADY-TROY MSA

50

55

6065

70

75

80

85

90

95

100

105

110

4Qtr

01

2Qtr

02

4Qtr02

2Qtr

03

4Qtr

03

2Qtr

04

4Qtr

04

2Qtr

05

4Qtr

05

2Qtr

06

4Qtr

06

2Qtr

07

4Qtr

07

2Qtr

08

4Qtr

08

2Qtr

09

4Qtr

09

2Qtr

10

4Qtr

10

2Qtr

11

4Qtr

11

Year and Quarter

Index

Albany-Schenectady-Troy MSA United States


12/12

FACT SHEET

This fact sheet conveys important technical information that will

contribute to a better understanding of resident labor force, including

unemployment rates, and job data included in this and future press releases.

State unemployment rates based on regression model

Unemployment rates for New York State and all other states (as well as

New York City and the City of Los Angeles) are estimated using time-series

regression models developed by the U.S. Bureau of Labor Statistics. The model

reduces month-to-month variation in labor force data by reducing variationcaused by sampling errors and other statistical noise (irregularities).

Benchmarking of estimates

At the end of each year, labor force data are revised to reflect

updated input data including new Census population controls, revised

establishment jobs data, and revised state-level data from the Current

Population Survey (CPS). As part of this procedure, all state figures are

reviewed, revised as necessary, and then re-estimated. This process is

commonly referred to as "benchmarking."

Changes in methodology

With the release of January 2005 data, a new time-series regressionmodel that utilizes "real-time" benchmarking is in effect. The redesigned

model should reduce end-of-year revisions as major economic events will be

reflected in a more timely manner. The new model also changes how estimates of

new entrants or re-entrants into the labor force are made for sub-state areas,

which may result in higher or lower unemployment rates in some sub-state

areas. Also effective with the release of January 2005 data are updated metro

area definitions. Please see http://www.labor.state.ny.us/pdf/enys1104.pdf for

additional details.

Unemployed and UI Beneficiaries

The estimate of the number of unemployed includes all persons who had

no employment during the reference week (the week including the 12th of themonth), were available for work, except for temporary illness, and had made

specific efforts to find employment sometime during the 4-week period ending

with the reference week. Unemployment insurance (UI) beneficiaries include

those who apply for and qualify for UI benefits. Consequently, the estimate of

the number of unemployed and the number of UI beneficiaries do not necessarily

move in tandem. Persons collecting UI benefits generally make up from 35 to 50

percent of the unemployed.

Job data

Monthly job data are obtained from the Current Employment Statistics

survey of business establishments, which samples 18,000 establishments in New

York State. The survey excludes self-employed workers, agricultural workers,unpaid family workers and domestic workers employed by private households.

The data represent a count of jobs by place of work. Estimates for each month

are revised the following month, as well as at the end of each year, as more

complete data become available.

Press release availability

In an effort to distribute information faster and more reliably and to

reduce shipping costs, the New York State Department of Labor's monthly press

release is available exclusively online at: http://www.labor.state.ny.us.

Documents

Capital Region Jobs MAY2012