July 2016: Economic Snapshot

Economic Indicators

Average per-gallon milk price paid to N.Y. dairy farmers down 11.5 percent in 12 months

May 2016 $1.38
April 2016 $1.38
May 2015 $1.56

Source: NYS Department of Agriculture

Average NNY price for gallon of regular unleaded gas down 15.0 percent in 12 months

May 2016 $2.32
April 2016 $2.18
May 2015 $2.73

Average NNY price for gallon of home heating oil down 22.7 percent in 12 months

May 2016 $2.21
April 2016 $2.16
May 2015 $2.86

Average NNY price for gallon of residential propane down 3.7 percent in 12 months

May 2016 $2.60
April 2016 $2.75
May 2015 $2.70

Source: NYS Energy Research and Development Authority

Average New York surrogate* price for on-highway diesel down 22.5 percent in 12 months

May 2016 $2.44
April 2016 $2.32
May 2015 $3.15

*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 6.7 percent in 12 months

175,079 in May 2016
147,431 in April 2016
187,577 in May 2015

Source: T.I. Bridge Authority

Vehicles crossing the Ogdensburg-Prescott bridge down 11.6 percent in 12 months

54,287 in May 2016
47,634 in April 2016
61,381 in May 2015

Ogdensburg Bridge & Port Authority

Vehicles crossing the Seaway International (Massena) bridge up 0.6 percent in 12 months

202,042 in May 2016
182,673 in April 2016
200,739 in May 2015

Seaway International Bridge Corp.

U.S.-Canadian dollar exchange rate (Canadian dollars per U.S. dollar) up 4.8 percent in 12 months

$1.31 on March 31, 2016
$1.25 on Feb. 29, 2016
$1.25 on March 31, 2015

Source: Federal Reserve Bank of N.Y.

Nonagriculture jobs in the Jefferson-Lewis-St. Lawrence counties area, not including military positions up 0.1 percent in 12 months

92,200 in May 2016
90,200 in April 2016
92,100 in May 2015

Source: NYS Department of Labor

Jefferson-Lewis Board of Realtors single-family home sales down 5.0 percent in 12 months; prices down 19.7 percent in 12 months

96, median price $120,500 in May 2016
83, median price $126,300 in April 2016
101, median price $150,000 in May 2015

St. Lawrence Board of Realtors single-family home sales down 24.6 percent in 12 months; prices down 17.7 percent in 12 months

49, median price $79,000 in May 2016
55, median price $75,000 in April 2016
65, median price $96,000 in May 2015

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

New automobiles (cars and trucks) registered in Jefferson County

Cars down 1.4 percent in 12 months

435 in May 2016
404 in April 2016
441 in May 2015

Trucks up 6.5 percent in 12 months

115 in May 2016
116 in April 2016
108 in May 2015

Source: Jefferson County Clerk’s Office

Passengers* at Watertown International Airport down 23.9 percent in 12 months

3,086 in May 2016
2,765 in April 2016
4,057 in May 2015

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

Open welfare cases in Jefferson, Lewis and St. Lawrence counties down 1.0 percent in 12 months

2,287 in May 2016
2,318 in April 2016
2,310 in May 2015

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

NNY unemployment rates

Jefferson County

Down 1.1 percentage points in 12 months

5.2 percent May 2016
6.5 percent April 2016
6.3 percent May 2015

St. Lawrence County

Down 1.4 percentage points in 12 months

5.5 percent May 2016
6.2 percent April 2016
6.9 percent May 2015

Lewis County

Down 0.7 percentage points in 12 months

5.9 percent May 2016
8.0 percent April 2016
6.6 percent May 2015

New York State

Down 1.1 percentage points in 12 months

4.2 percent May 2016
4.6 percent April 2016
5.3 percent May 2015

United States

Down 0.8 percentage points in 12 months

4.5 percent May 2016
4.7 percent April 2016
5.3 percent May 2015

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