The area’s homeownership rate last year rose for the first time since 2010. The uptick in this rate may provide clues to the area’s coinciding increase in its unemployment rate for the first time in six years, though economists remain divided over whether there is not only correlative but also
Media Contact James Schlett Center for Economic Growth Director of Research and Communications 518-465-8975 X221 | jamess@ceg.org CEG, partners are bridging the skills gap as Capital Region manufacturing employment reaches 16-year high ALBANY, NEW YORK – As employment in the Capital Region’s manufacturing sector climbs to a 16-year high, KeyBank
Women working full-time in the Albany-Schenectady-Troy metropolitan statistical area (MSA) face the smallest pay gap in upstate New York and the fourth smallest in the Northeast. Even more, those working in the local management, utilities and manufacturing sectors are closest to earning as much – if not more – than
CEG intensifies efforts to boost employment by tapping talent from inside and outside the region The Capital Region in 2017 reclaimed its standing as having the lowest unemployment rate in New York, tying the Long Island region. At 4.4 percent, the eight-county region’s unemployment rate was its ninth lowest in
With both the regional and national economies running at full employment and intensifying the competition for talent, the Center for Economic Growth (CEG) is aggressively expanding its efforts to attract highly skilled workers to the Capital Region. This year CEG’s Talent Connect program is quintupling the number of career fairs
PR Newswire Program awards grants across Upstate New York to help economic development organizations connect with small businesses in underrepresented communities ALBANY, N.Y., May 11, 2018 /PRNewswire/ — Today, the KeyBank Business Boost & Build program, powered by JumpStart, awarded $110,000 to the Center for Economic Growth (CEG) in collaboration with
The region’s black unemployment rate has fallen to its lowest level in years. In 2016, the Albany-Schenectady-Troy metropolitan statistical area (MSA) had a black unemployment rate of 12.5 percent, compared to 13.8 percent the previous year. Recently, that rate had climbed as high as 15.9 percent in 2013 according to
Daily Gazette By: John Cropley Schools, economic development agencies collaborate to cut red tape COLONIE — Capital Region manufacturers having trouble finding skilled workers can now get help through a new apprenticeship program. The Center for Economic Growth is partnering with the Manufacturers Association of New York on the initiative
Times Union Buzz The Center for Economic Growth has been working hard to provide more workforce development programs to the region. After all, if you can’t find suitable workers for all the new jobs you create, you create problems for the companies you attract or get to grow here. One
CEG’s first-of-its-kind regional survey finds cluster employs 350+, majority of studios are hiring The Capital Region’s video game development cluster has become a recognized force in the local creative economy and is poised to get bigger, with a majority of studios reporting hiring plans for the next 12 months, according
