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Employment
A major portion of non-agricultural workers have historically been employed by federal, state or local government. The following tables present certain economic and demographic information for the County and the Albany-Schenectady-Troy Standard Metropolitan Statistical Area (SMSA).
Non-Agricultural Employment by Industry Groups, Albany SMSA
| |
1996 |
1998 |
2000 |
2002* |
(July) 2004* |
| Contract Construction |
3.4% |
3.8% |
4.1% |
3.0% |
4.0% |
| Manufacturing |
8.7% |
8.3% |
7.9% |
6.0% |
6.0% |
| Transportation,Warehousing and Public Utilities |
3.6% |
3.7% |
4.0% |
3.0% |
3.0% |
| Wholesale and Retail Trade |
21.9% |
21.3% |
21.1% |
15.0% |
18.0% |
| Finance, Insurance and Real Estate |
6.4% |
6.3% |
5.7% |
6.0% |
6.0% |
| Services and Miscellaneous |
31.4% |
31.7% |
32.8% |
43.0% |
40.0%
|
| Government |
25.8% |
24.9% |
24.4% |
24.0% |
23.0% |
| Total |
100% |
100% |
100% |
100% |
100% |
Source: New York State Department of Labor, Division of Employment
*rounded to nearest percent
Per Capita Income
| |
1990 |
2000 |
| Albany County |
$16,856 |
$34,689 |
| United States |
$20,817 |
$29,469 |
Source: U.S. Bureau of Economic Analysis
Employed Civilian Labor Force
(000s)
| |
2001 |
2002 |
2003 |
(July) 2004 |
| Albany County |
152.6 |
155.3 |
162.1 |
160.3 |
| Capital District |
400.5 |
407.6 |
427.9 |
461.5* |
| New York State |
8,531.0 |
8,610.0 |
8,954.0 |
8,450.8 |
Source: New York State Department of Labor.
*Figure is for Albany, Troy, Schenectady MSA Region
Comparative Housing Stock
(Number of Units)
| |
1980 |
1990 |
2000 |
| Albany County |
115,733 |
124,255 |
129,972 |
| New York State |
6,867,638 |
7,226,891 |
7,679,307 |
Source: U.S. Department of Commerce, Bureau of Census
Selected Listing of Major Employers
| Name |
Type |
Approximate # of
Employees in 2003 |
| State of New York |
Government |
30,762(1) |
| General Electric |
Manufacturing |
9,000 |
| United States |
Government |
8,092 |
| Albany Medical Center |
Hospital |
5,269 |
| St. Peter’s Health Care Service |
Hospital/Health Care |
3,388 |
| Northeast Health |
Hospital/Health |
3,059 |
| Verizon |
Utility |
3,000 |
| County of Albany |
Government |
2,995 |
| Stewart’s Ice Cream Company |
Retail Grocery |
2,840 |
| KAPL, Inc. |
Defense |
2,650 |
| Golub Corporation |
Retail Grocery |
2,473 |
| Hannaford Brothers |
Retail Grocery |
2,100 |
| Glens Falls Hospital |
Health Care |
1,934 |
| RPI |
Education |
1,820 |
| Key Corp. |
Finance |
1,700 |
| Empire Blue Cross/Blue Shield |
Insurance |
1,668 |
| Albany City School District |
Education |
1,696 |
| Niagara Mohawk Power Corporation |
Utility |
1,575 |
| City of Albany |
Government |
1,493 |
| Seton Health System |
Health Care |
1,250 |
(1) Represents total state employment Full Time Equivalent
Sources: Capital District Business Review Book of Lists 2003/2004.
Annual Unemployment Rate Statistics
| |
Albany County |
Albany-Schenectady-Troy SMSA |
New York State |
| 1994 |
4.0% |
4.6% |
6.9% |
| 1995 |
4.1% |
4.7% |
6.3% |
| 1996 |
3.8% |
4.3% |
6.2% |
| 1997 |
3.3% |
3.8% |
6.3% |
| 1998 |
3.0% |
3.6% |
5.6% |
| 1999 |
2.8% |
3.3% |
5.1% |
| 2000 |
2.8% |
3.3% |
4.6% |
| 2001 |
2.6% |
2.9% |
4.6% |
| 2002 (July) |
3.0% |
3.3% |
6.0% |
| 2003 (July) |
3.2% |
3.3% |
6.1% |
| 2004 (July) |
3.4% |
3.7% |
5.9% |
Source: New York State Department of Labor (Note: Figures not seasonally adjusted).
Albany County Airport
| Year |
Enplanements Total |
| 1993 |
1,079,389 |
| 1994 |
1,120,355 |
| 1995 |
1,034,682 |
| 1996 |
1,013,391 |
| 1997 |
1,065,521 |
| 1998 |
1,137,706 |
| 1999 |
1,175,981 |
| 2000 |
1,440,437 |
| 2001 |
1,517,856 |
| 2002 |
1,476,988 |
| 2003 |
1,435,848 |
Source: Albany County Airport Authority
The information presented in this "About Us" section is a brief description of the County,
its economy, governmental organization, indebtedness and financial practices.
Certain information may require economic analysis in order to assess the importance of the facts
and figures presented.
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