The state Labor Department will release local unemployment data for April, providing the latest glimpse at the state of the Buffalo Niagara job market.
Hiring has been running at about a 2% annualized pace over the past few months, and the local jobless rate has been creeping steadily higher for most of the past year.
The News’ Buffalo Next team covers the changing Buffalo Niagara economy. Get the news in your inbox 5 days a week.
Tuesday, Young Development will mark the grand opening of its new Midtown Apartment Homes at 6386 Transit Road in Depew, which will include 360 new apartments in 13 new buildings. The $90 million complex, which is being completed in stages, features a mix of one-, two- and three-bedroom apartments, ranging in size from 802 to 1,326 square feet, with rents running from $1,700 to $2,700 per month.
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The shrinking pool of available workers is affecting job growth in the Buffalo Niagara region.
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ICYMI
Five reads from Buffalo Next:
1. Michael Montante reflects on four years as Uniland CEO.
2. A federal agency could halt construction of a wastewater pipeline at the STAMP site in Genesee County. How does that affect two companies preparing to open facilities there?
3. After years of relative inactivity, the more rural northern parts of Amherst are seeing a surge of new development projects.
4. The push to get more women and minority contractors working on the Buffalo Bills stadium project could pay dividends on other big construction jobs down the road.
5. The oldest investment club in the state is in Lockport.
The Buffalo Next team gives you the big picture on the region’s economic revitalization. Email tips to buffalonext@buffnews.com or reach Buffalo Next Editor David Robinson at 716-849-4435.
Email tips to buffalonext@buffnews.com.
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