The inaugural Saratoga County Economic Index included the results of a Pulse Survey that showed strong optimism among businesses located in the county. Of 83 business owners and executives that responded, 61 percent reported higher sales over the past year; 78 percent expect sales to increase over the next year; and 68 percent said their business is doing better today than it was at this time last year. “Economic growth in Saratoga County, now led by the exceptional work of the Saratoga Partnership, is ensuring that our residents have access to good jobs, strong wages, and an excellent quality of life,” said Jack Lawler, chairman of the Saratoga County Prosperity Partnership and Supervisor of the Town of Waterford. “I commend Marty Vanags and his team on the release of this vital tool for measuring our economy, and for the work they are doing to make Saratoga County a preferred destination for business expansion and growth.” The Saratoga County Economic Index includes key indicators such as unemployment levels, labor force participation, household income, and the strength of the housing sector. The vibrancy of Saratoga County’s economy is illustrated by a host of data contained in the index, including: -Saratoga County’s unemployment rate is at its lowest level since 2007, is the lowest in the Capital Region metro area, and lower than New York state -Participation in the labor force, at 68 percent, outpaces the Capital Region, New York state, and the U.S. -Median household income, at $71,496 annually, outpaces both the Capital Region and New York State by just over 20 percent, and the U.S. by 33 percent. -Housing permits overall have trended up since 2006. -Total value of multi-family housing permits has risen 30 percent since 2005, more than twice that of the Capital Region. -Total value of single-family housing permits has begun trending upward over the past year, reversing a 21 percent decline since 2005, which ธุรกิจขายตรง was less severe than the drop of 35 percent in the Capital Region.
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