August 2016: Economic Snapshot

Economic Indicators

Average per-gallon milk price paid to N.Y. dairy farmers down 16.4 percent in 12 months

June 2016 $1.33
May 2016 $1.38
June 2015 $1.59

Source: NYS Department of Agriculture

Average NNY price for gallon of regular unleaded gas down 17.0 percent in 12 months

June 2016 $2.35
May 2016 $2.32
June 2015 $2.83

Average NNY price for gallon of home heating oil down 20.1 percent in 12 months

June 2016 $2.22
May 2016 $2.21
June 2015 $2.78

Average NNY price for gallon of residential propane up 4.0 percent in 12 months

June 2016 $2.57
May 2016 $2.60
June 2015 $2.47

Source: NYS Energy Research and Development Authority

Average New York surrogate* price for on-highway diesel down 18.9 percent in 12 months

June 2016 $2.53
May 2016 $2.44
June 2015 $3.12

*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 2.9 percent in 12 months

191,659 in June 2016
175,079 in May 2016
197,432 in June 2015

Source: T.I. Bridge Authority

Vehicles crossing the Ogdensburg-Prescott bridge down 8.5 percent in 12 months

56,522 in June 2016
54,287 in May 2016
61,801 in June 2015

Ogdensburg Bridge & Port Authority

Vehicles crossing the Seaway International (Massena) bridge up 0.5 percent in 12 months

203,570 in June 2016
202,042 in May 2016
202,643 in June 2015

Seaway International Bridge Corp.

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

$1.30 on June 30, 2016
$1.31 on May 31, 2016
$1.25 on June 30, 2015

Source: Federal Reserve Bank of N.Y.

Nonagriculture jobs in the Jefferson-Lewis-St. Lawrence counties area, not including military positions, up 0.8 percent in 12 months

92,200 in June 2016
92,200 in May 2016
91,500 in June 2015

Source: NYS Department of Labor

Jefferson-Lewis Board of Realtors single-family home sales down 4.9 percent in 12 months, price down 7.2 percent in 12 months

117, median price $142,000 in June 2016
96, median price $120,000 in May 2016
123, median price $153,000 in June 2015

St. Lawrence Board of Realtors single-family home sales down 13.2 percent in 12 months, prices down 3.9 percent in 12 months

59, median price $87,000 in June 2016
55, median price $75,000 in May 2016
68, median price $90,500 in June 2015

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

New automobiles (cars and trucks) registered in Jefferson County

Cars down 0.5 percent in 12 months

549 in June 2016
435 in May 2016
552 in June 2015

Trucks up 14.2 percent in 12 months

153 in June 2016
115 in May 2016
134 in June 2015

Source: Jefferson County Clerk’s Office

Passengers* at Watertown International Airport down 19.3 percent in 12 months

2,979 in June 2016
3,086 in May 2016
3,694 in June 2015

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

Open welfare cases in Jefferson, Lewis and St. Lawrence counties down 2.5 percent in 12 months

2,279 in June 2016
2,287 in May 2016
2,338 in June 2015

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

NNY unemployment rates

Jefferson County

Down 1.0 percentage points in 12 months

4.9 percent June 2016
5.2 percent May 2016
5.9 percent June 2015

St. Lawrence County

Down 1.2 percentage points in 12 months

5.8 percent June 2016
5.5 percent May 2016
7.0 percent June 2015

Lewis County

Down 0.5 percentage points in 12 months

5.5 percent June 2016
5.9 percent May 2016
6.0 percent June 2015

New York State

Down 0.8 percentage points in 12 months

4.5 percent June 2016
4.2 percent May 2016
5.3 percent June 2015

United States

Down 0.4 percentage points in 12 months

5.1 percent June 2016
4.5 percent May 2016
5.5 percent June 2015

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