Local unemployment rates fell in August, but are still as much as a percent higher than they were a year ago, according to figures released by the state Department of Labor.
Binghamton’s unemployment rate was 8.9 percent in August. That’s down from 9.1 percent in July, but up a full percent from 7.9 percent in August 2011.
In Syracuse, the unemployment rate fell from 8.9 percent in July to 8.6 percent in August, but that’s up from 7.8 percent a year earlier.
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The commercial real estate market has been rough for some time, and the residential market has seen wild fluctuations. Inflation, high interest rates and decreased demand for office space have
The Utica-Rome region’s unemployment rate was 8.2 percent in August, down from 8.6 percent in July, and up from 7.7 percent a year ago.
The state’s unemployment rate was 8.8 percent in August, down from 9.1 percent in July, but up from 8.1 percent a year ago.
Contact DeLore at tdelore@tmvbj.com
