The companies reported a total job gain of 22 percent - from 25,833, to 32,082.
This would mean a net gain of 180,150 jobs over five years.
The market is expecting a gain of 225,000 to 250,000 jobs.
The industry may post a net gain of only another 4,000 jobs in the state by 2010.
Since October, the city has had a net gain of 10,000 jobs.
Most estimates had called for a gain of roughly 250,000 jobs.
Analysts forecast a gain of 370,000 new jobs last month.
In the past year, the Albany area had a net gain of only 100 jobs.
Still, the recent job gains remain modest by many measures.
Most analysts expect a gain of roughly 250,000 jobs for April.