Shrinking of Jobs continue in Albany Job Market!
Job erosion is Albany, NY continued in July as overall employment declined by 10,500 by last year. The region’s unemployment rate is up by 5 percent to last year’s. Buffalo and Rochester also continued to cut jobs. This job shed, however, is bit lower in private-sector jobs. After seasonal adjustment, New York state’s private-sector job count raised by 14,000, or 0.2 percent, to 7.09 million in July — the state’s first monthly raise since August 2008.
