Unemployment dropped in March
The Capital Region's unemployment rate in March fell half a point from last year to 7.3 percent, according to preliminary data released today by the state Department of Labor.
In March 2012, the region's unemployment rate was 7.8. The year-over-year drop gives the Albany-Schenectady-Troy metropolitan area the state's lowest unemployment rate behind Ithaca with 5.3 percent and the suburban counties surrounding New York City with 6.7 percent.
The rates are calculated following procedures prescribed by the U.S. Bureau of Labor Statistics, relying in part on the results of a telephone survey of 3,100 households out of the state's more than 7 million.
The statewide unemployment rate was 8.2 percent last month. Upstate New York's unemployment rate was 8.4 percent.
Local rates varied depending on county. Albany County had the lowest unemployment rate last month at 6.8 percent, followed by Saratoga County at 6.9 percent, Schenectady County at 7.5 percent, Rensselaer County at 7.8 percent and Schoharie County with a high of 10.4 percent. Fulton County's unemployment rate came in at 10.6 percent and Montgomery County came in at 10.7 percent.
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