Albany, NY Employment Information

Albany, New York Overview The first European settlers came to Albany in 1614 and the city was officially chartered in ...

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Albany, New York Overview

The first European settlers came to Albany in 1614 and the city was officially chartered in 1686. Today, the city is on the west bank of the Hudson River and is the state capital of New York. The population of the city is around 97,856. The area is famous for The Egg, which is a performing arts building named for its elliptical shape, and for the New York State Museum, which is the largest and oldest state museum in the country.

Albany enjoys a cost of living that's 26.5 percent less than the rest of the state and 6.2 percent less than the rest of the country. Groceries and utilities are cheaper in Albany than the rest of the United States, and housing is much cheaper here too. The cost of a pizza is $8.00 in Albany, which is 13.9 percent lower than the national average, and the price of a cup of coffee in Albany is $3.89, which is 8.5 percent lower than the rest of the country.

Albany Job Opportunities

The majority of jobs in Albany are in the health care, education, and government sectors. As a result of these steady Albany, NY jobs, the city has, for the most part, made it through recent national economic recessions without harm. This is also why St. Peter's Hospital is one of the largest employers for Albany jobs, with over 12,500 workers. Other large health care employers in the area include Albany Medical Center Hospital, Glens Falls Hospital and Ellis Hospital. Additionally, Bechtel Marine Propulsion Corporation is a private company that employs around 2,600 at their Knolls Atomic Power Lab.

If candidates can't find jobs in Albany, NY they can also look for jobs in Schenectady, which is about 19 miles southeast of the capital. This town is home to many employers including hospitals, universities and a renewable energy center from General Electric.

Albany Employment Trends

As of August 2014, the unemployment rate in Albany was 5.2 percent. This is lower than the national unemployment rate of 6.1 percent and the New York state unemployment rate of 6.4 percent. In a one-year span, the largest growth for Albany jobs was in the natural resources, mining and construction sectors, which added 3,200 jobs. Plus, another 1,800 jobs were added in the education field and the healthcare field in Albany, NY. This is why, in 2012, Forbes ranked Albany number four on their list of Best Cities for Jobs.

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