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Albany Metro unemployment rate drops to 4 7%; thousands not seeking work

Unemployment rate stood at 4 7% in June in Albany-Schenectady-Troy area

Unemployment rate stood at 4.7% in June in Albany-Schenectady-Troy area | The Daily Gazette SECTIONS ALBANY Unemployment stood at an estimated 4.7% in the Albany Metro area in June, the state Department of Labor reported Tuesday. That was down substantially from 10.4% in June 2020, when the state was emerging from the partial shutdown of the economy imposed to slow the spread of COVID-19.  But the recovery is not complete: The June 2021 unemployment rate was higher than any June from 2014 to 2019 in the Albany-Schenectady-Troy Metropolitan Statistical Area. Its jobless rate was just 3.4% in June 2019. By this metric, the Albany Metro fared better in June 2021 than either the state as a whole (7.3%) or the nation (6.1%). 

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