Capital Region Economic Scorecards

CEG’s Capital Region Economic Scorecards are a quarterly feature of the organization’s newsletter, The CEG Indicator, and are offered exclusively to our investors. These scorecards track 30 mostly local economic indicators to provide our investors with insights into the health of the region’s economy and the direction in which it is headed. There are five scorecards: Quarterly Performance Overview; Economic Conditions, Manufacturing, Consumer and Transportation. Click here to access the Economic Scorecards for Q4.

 


 

Performance Overview: This scorecard provides a tally of the positive, negative and unchanged indicator trends from the four other scorecards. Indicator performance is measured on a year-to-date (YTD) basis. Overall the Capital Region had 17 positive-trending indicators – one fewer than the previous quarter. While the region’s general economic conditions and manufacturing sector made improvements, the retail trade industry’s woes and transportation declines (likely influenced by harsh winter weather) dragged down the region’s total score.

Note: Starting with the Q1 2018 Economic Scorecards, employment data from the monthly Current Employment Statistics (CES) have been replaced with the more accurate Quarterly Census of Employment and Wages (QCEW). Q4 2017 Economic Scorecard performances have been revised to reflect this change.
 

Economic Conditions Scorecard: This scorecard tracks eight indicators to help gauge the overall health of the Capital Region’s economy. Tracked indicators include unemployment rate, unemployed workers, unemployment insurance claims, private sector employment and establishments, labor force, rental vacancy rate and Linium Recruiting’s Linium Hiring Index.

Q4 2018 update: This scorecard shows the Capital Region’s economy is continuing to steadily grow. By November, the region’s unemployment rate had registered below 4 percent for a seventh consecutive month. The labor force grew... Access Scorecard & Analysis

 

Manufacturing Scorecard: This scorecard tracks eight indicators to assess the strength of the region’s manufacturing sector. Tracked indicators include manufacturers’ assessments of future business and employment conditions, New York manufacturing GDP, manufacturing employment, average wages and establishments, the average weekly hours of manufacturing employees and the manufacturing producer price index.

Q4 2018 update: Trends in this scorecard remained constant, with the manufacturing steadily growing but future business conditions looking less promising. Manufacturing sector employment was up... Access Scorecard & Analysis

 

 

Consumer Scorecard: This scorecard tracks seven indicators to assess local consumers’ willingness and ability to spend. Tracked indicators include retail trade employment and establishments, all industries total wages, sales tax collections, consumer sentiment, closed residential sales and median home prices.

Q4 2018 update: Softness in the retail sector continued to drag down this scorecard, even though total wages for the first half were up 3 percent. Upstate consumers ended the year with... Access Scorecard & Analysis

 

 

Transportation Scorecard: This scorecard tracks seven indicators to monitor passenger and commercial traffic at or along the region’s highways, airport, seaports and rail infrastructure. Tracked indicators include transportation and warehousing jobs, Capital District Transportation Authority (CDTA) and Amtrak ridership, Albany international Airport passengers, vessel imports and exports, and commercial traffic at the region’s New York Thruway tolls (I-90, Exits 21-26).

Q4 2018 update: This scorecard showed improvement from the previous quarter as Amtrak ridership along the Empire Line increased in the fall and offset declines from earlier in the year. Employment growth in ... Access Scorecard & Analysis

 


For more information, contact CEG Director of Research and Communications James Schlett at jamess@ceg.org. Don’t miss these insights into the trends that are shaping the Capital Region’s economy.

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