June 2016: Economic Snapshot

Economic Indicators

Average per-gallon milk price paid to N.Y. dairy farmers down 9.8 percent in 12 months

April 2016 $1.38
March 2016 $1.38
April 2015 $1.53

Source: NYS Department of Agriculture

Average NNY price for gallon of regular unleaded gas down 15.2 percent in 12 months

April 2016 $2.18
March 2016 $2.01
April 2015 $2.57

Average NNY price for gallon of home heating oil down 26.8 percent in 12 months

April 2016 $2.16
March 2016 $2.12
April 2015 $2.95

Average NNY price for gallon of residential propane down 0.6 percent in 12 months

April 2016 $2.75
March 2016 $2.72
April 2015 $2.81

Source: NYS Energy Research and Development Authority

Average New York surrogate* price for on-highway diesel down 25.2 percent in 12 months

April 2016 $2.25
March 2016 $2.32
April 2015 $3.10

*Prices are the composite area that includes New York, Delaware, Maryland, New Jersey, Pennsylvania and the District of Columbia.
Source: U.S. DOE, Energy Information Administration

Vehicles crossing the Thousand Islands bridge down 8.8 percent in 12 months

147,431 in April 2016
136,416 in March 2016
161,670 in April 2015

Source: T.I. Bridge Authority

Vehicles crossing the Ogdensburg-Prescott bridge down 6.2 percent in 12 months

41,146 in April 2016
36,138 in March 2016
43,870 in April 2015

Source: Ogdensburg Bridge & Port Authority

Vehicles crossing the Seaway International (Massena) bridge up 0.8 percent in 12 months

182,673 in April 2016
182,195 in March 2016
181,186 in April 2015

Source: Seaway International Bridge Corp.

U.S.-Canadian dollar exchange rate (Canadian dollars per U.S. dollar) up 3.3 percent in 12 months

$1.25 on April 29, 2016
$1.30 on March 31, 2016
$1.21 on April 30, 2015

Source: Federal Reserve Bank of N.Y.

Nonagriculture jobs in the Jefferson-Lewis-St. Lawrence counties area, not including military positions remained the same in 12 months

90,200 in April 2016
89,600 in March 2016
90,200 in April 2015

Source: NYS Department of Labor

Jefferson-Lewis Board of Realtors single-family home sales down 11.0 percent in 12 months; prices up 19.2 percent in 12 months

81, median price $126,300 in April 2016
79, median price $84,999 in March 2016
73, median price $106,000 in April 2015

St. Lawrence Board of Realtors single-family home sales up 25.6 percent in 12 months; prices remained the same in 12 months

54, median price $75,000 in April 2016
40, median price $72,750 in March 2016
43, median price $75,000 in April 2015

Source: Jefferson-Lewis / St. Lawrence boards of Realtors Inc.

New automobiles (cars and trucks) registered in Jefferson County

Cars down in 23.3 percent in 12 months

404 in April 2016
460 in March 2016
527 in April 2015

Trucks up 0.9 percent in 12 months

116 in April 2016
106 in March 2016
115 in April 2015

Source: Jefferson County Clerk’s Office

Passengers* at Watertown International Airport down 6.0 percent in 12 months

2,765 in April 2016
2,754 in March 2016
2,942 in April 2015

*Inbound and outbound passengers
Source: Jefferson County Board of Legislators

Open welfare cases in Jefferson, Lewis and St. Lawrence counties down 2.0 percent in 12 months

2,318 in April 2016
2,337 in March 2016
2,366 in April 2015

Source: Social Service Depts. of Jefferson, Lewis and St. Lawrence counties

NNY unemployment rates

Jefferson County

Down 0.7 percentage points in 12 months

6.5 percent April 2016
7.3 percent March 2016
7.2 percent April 2015

St. Lawrence County

Down 0.9 percentage points in 12 months

6.2 percent April 2016
6.7 percent March 2016
7.1 percent April 2015

Lewis County

Up 0.5 percentage points in 12 months

8.0 percent April 2016
8.2 percent March 2016
7.5 percent April 2015

New York State

Down 1.1 percentage points in 12 months

4.6 percent April 2016
5.2 percent March 2016
5.7 percent April 2015

United States

Down 0.7 percentage points in 12 months

4.7 percent April 2016
5.1 percent March 2016
5.4 percent April 2015

Source: U.S. Department of Labor and New York State Department of Labor (Not seasonally adjusted. Latest available data reported.)