Home / Columns and Features / Labor supply a major challenge for local economy (access required)

Labor supply a major challenge for local economy (access required)

  Labor supply constraints are perhaps the greatest uncertainty facing the Rochester economy in 2019. The region ended 2018 at essentially “full” employment. On a seasonally adjusted basis, the local jobless rate hovered near an 18-year low of 3.8 percent, down more than a full point from 12 months earlier. The 20,300 unemployed Rochester-area residents in December were ...

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