Unemployment in the Capital Region hit 8.0 percent of the workforce in July, another two-decade high for July, up from 7.2 percent a year ago.
The number of people employed, by place of residence, fell to 414,700 from 415,200 in July 2011, while the number of unemployed — those actively looking for work — jumped by nearly 4,000 to 36,200 from 32,300 a year earlier.
Unemployment in Schoharie County, which is still recovering from Tropical Storm Irene a year ago, limbed to 10.1 percent from 8.8 percent a year ago, the highest of the metropolitan area's five counties. Saratoga County's 7.2 percent rate, up from 6.3 percent a year ago, was the lowest.
Unemployment in Albany County climbed to 8.1 percent from 7.3 percent, while it was up to 8.4 percent from 7.6 percent in Schenectady County and 8.5 percent from 7.7 percent in Rensselaer County.
Lies from the Times Union. Just wait, the People's Gazette will prove the renaissance is occurring in Schenectady, both downtown and throughout the county, thanks to the fine upstanding citizens who live and work here, and especially the Metroplex and the businesses they fund.
This, in the eyes of the democrap party is true progress because the more people on welfare, the easier they are to get to vote demoCRAP.
"While Foreign Terrorists were plotting to murder and maim using homemade bombs in Boston, Democrap officials in Washington DC, Albany and here were busy watching ME and other law abiding American Citizens who are gun owners and taxpayers, in an effort to blame the nation's lack of security on US so that they could have a political scapegoat."
Jobless Claims in U.S. Climb for Second Week to One-Month High By Michelle Jamrisko and Shobhana Chandra - Aug 23, 2012 8:33 AM ET
Sam Hodgson/Bloomberg Job seekers are reflected in a mirror on the ceiling as they line up to register for an employment fair sponsored by National Career Fairs in San Diego, on Aug. 20, 2012.
The number of Americans filing applications for unemployment benefits climbed last week to a one-month high, showing little progress in the labor market.
Jobless claims rose by 4,000 for a second week to reach 372,000 in the period ended Aug. 18, Labor Department figures showed today in Washington. The median forecast of 41 economists surveyed by Bloomberg called for 365,000. The four-week moving average, a less volatile measure, increased to 368,000.
Companies may be keeping payrolls lean after slashing headcounts during the recession while waiting for further assurances that economic growth will pick up. The European debt crisis and slowdown in Asia remain headwinds to investor and business confidence.
“It’s still very sluggish, and growth itself is implying we should not see any acceleration in hiring at this point,” Yelena Shulyatyeva, a U.S. economist at BNP Paribas in New York, said before the report.
Estimates in the Bloomberg survey ranged from 355,000 to 373,000. The Labor Department revised the previous week’s figure up to 368,000 from an initially reported 366,000.
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