Governor of Alabama Kay Ivey announced on Friday that Alabama’s interim, seasonally adjusted unemployment rate for October was 2.7%. That’s easy from September course of 2.6%, but below the October 2021 rate of 3.1%.
61,760 Alabamaans were counted as unemployed, down from 70,569 in October 2021. The US unemployment rate also rose to 3.4% in October from 3.3% in September.
“Despite the challenging economic climate nationally, Alabama remains resilient. At 2.7 percent, we are now supporting more jobs than at any time in our state’s history,” Ivey said. “Our wages continue to move in the right direction, more of the world’s leading companies are moving here every day, and our workforce development efforts are creating new skilled workers almost daily. It is more than obvious that we have many things to be thankful for as we head into the Christmas season.”
During the year, wage and salary employment increased by 46,600, with significant gains in education and healthcare (+11,700), professional and business services (+9,500) and manufacturing (+6,800), among others.
Payroll employment rose by 17,100 in October. Monthly increases were recorded in the professional and business services sector (+3,900), the government sector (+3,600) and the trade, transport and utilities sector (+2,600), among others.
“Alabama had notable job growth in October for both the month and the year,” the Alabama Secretary of Labor said FitzgeraldWashington. “This growth has actually set a brand new record in Alabama for how many jobs our economy supports. We now have almost 47,000 more jobs than last year. That is very encouraging.”
Total personal weekly wages rose to $1,017.98 in October, a new record high.
Wages in construction, trade, transport and utilities, and professional and business-related services hit new record highs in October.
The counties with the lowest unemployment rates are Shelby County at 1.8%, Cullman County at 1.9%, and Marshall County at 2.0%. The counties with the highest unemployment rates are Wilcox County at 9.6%, Lowndes County at 6.6% and Perry County at 6.5%.
The largest cities in Alabama with the lowest unemployment rates are: Homewood at 1.6%, Vestavia Hills and Trussville at 1.7%, and Alabaster and Madison at 1.8%. Major cities with the highest unemployment rates are Selma at 7.2%, Prichard at 6.5% and Anniston, Gadsden and Bessemer at 4.4%.
Inflation and the high cost of living continue to attract more Alabamaans into the workforce. The total number of employed persons was 2,301,932 in October, up from 2,291,928 in September. The activity rate also increased to 57.4% in October 2021 from 57.1% in September and 56.4% in October 2021. The state labor force participation rate of 57.4% is still below the national average of 62.3% in October, which rose from 62.2% in September and 61.8% in October 2021.
Governor Ivey recently won re-election in a landslide. The Ivey campaign stressed its record of job creation and the historically low unemployment rates achieved under its administration.
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