Region jobless rate reaches
ALBANY — The state Department of Labor this week announced August unemployment rates.
The Albany-Schenectady-Troy metropolitan area had a 4.2 percent jobless rate, up from 4.0 percent in August 2016 and tied for second-lowest metro area in the state. The lowest was Glens Falls, at 4.1 percent, and the highest was Watertown, at 5.4 percent.
Columbia County had the lowest jobless rate in the state, at 3.6 percent. Saratoga County was third-lowest at 3.8 percent.
Other county unemployment rates for August 2017:
› Albany, 4.3 percent
› Fulton, 5.3 percent
› Montgomery, 5.3 percent
› Rensselaer, 4.4 percent
› Schenectady, 4.4 percent
› Schoharie, 4.8 percent
The August 2017 jobless rate was 4.5 percent for the nation as a whole and 4.9 percent for New York state as a whole.
Region’s GDP reaches $52.3B
WASHINGTON — The Albany-Schenectady-Troy Metropolitan Area ranked 57th among the 382 U.S. metro areas for its Gross Domestic Product, the U.S. Bureau of Economic Analysis reported this week.
The area’s preliminary 2016 GDP was $52.34 billion, up from $50.91 billion in 2015 and $44.11 billion in 2011, the BEA said, for a roughly 18.6 percent increase in five years.
Leading the nation’s metros in 2016 was the greater New York City metropolitan area, with $1.66 trillion preliminary GDP.
GDP is the value of everything produced by all people and companies.
CDPHP draws high ratings
ALBANY — CDPHP reported this week that all of its health insurance plans received high ratings for 2017-2018 from the National Committee for Quality Assurance.
Each received a 4.5 out of 5 rating. Its Medicaid plan was the ranked highest in the state by NCQA.
NCQA is a private, non-profit organization dedicated to improving health care quality. It accredits and certifies a wide range of health care organizations and recognizes clinicians in key clinical areas.
Albany-based CDPHP last month was ranked highest in member satisfaction among commercial health plans in New York in the J.D. Power 2017 Member Health Plan Study.