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Schoharie County Unemployment Falls to Lowest Level in Six Years

Written By Editor on 9/23/14 | 9/23/14

The unemployment rate in Schoharie County has fallen sharply, according to new statistics. The figures from the New York State Department of Labor see August 2014 being the best labor market in the County since October 2008.

According to the figures that can be found on the NYS DOL website, the rate has fallen to 6.3%.

Year January February March April May June July August September October November December Annual
Average
2014 9.2% 9.8% 8.8% 7.1% 6.8% 6.4% 6.9% 6.3%




2013 11.4% 11% 10.1% 8.9% 8% 7.9% 7.8% 7.1% 6.7% 6.4% 7% 7.4% 8.3%
2012 12.2% 12.1% 11.5% 9.2% 8.6% 9.6% 9.8% 8% 7.7% 7.7% 7.8% 9.6% 9.5%
2011 11.4% 11.6% 10.7% 9% 8.2% 8.8% 8.8% 8.5% 9.6% 8.7% 8.7% 9.5% 9.5%
2010 11.5% 11.8% 10.9% 9.1% 8.6% 8.8% 8.7% 8.5% 8% 7.9% 8.5% 9.6% 9.3%
2009 10.9% 11% 10.9% 8.9% 8% 8.6% 8.6% 7.9% 7.8% 7.6% 8.1% 9.5% 9%
2008 9% 8.9% 8.2% 6.6% 5.6% 5.9% 6% 5.8% 5.9% 5.6% 6.5% 8.4% 6.9%
With new businesses poised to open, the rate could fall further. Most years see a sharp increase in unemployment during the winter as contracting jobs subside.

The unemployment rate dipped as low as 4.1% in October 2006 and as high as 12.2% in January 2012.
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