State’s Unemployment Rate Drops to 4.6 Percent
Employment continued to surge in Alabama in June, with the state’s unemployment rate falling to 4.6 percent. That’s down from 4.9 percent in May and from 5.8 percent a year ago.
“Alabama’s unemployment continues to drop, and our economy continues to add jobs,” said Gov. Kay Ivey. “As of now, we are only two-tenths of a percentage point away from catching up to the national unemployment rate. Even though our numbers are improving, I continue to pledge to work even harder to make sure that any Alabamian who wants a job can find one.”
Alabama Department of Labor Secretary Fitzgerald Washington noted
June’s rate represents 100,376 unemployed persons, compared to 107,223 in May and 125,000 in June 2016. There were 2,077,275 people counted as employed in June, down slightly from May’s count of 2,088,502, but well above June 2016’s count of 2,040,370.
“For the third month in a row, we can report that our wage and salary employment is topping 2 million jobs,” Washington said. “This has been a milestone we’ve strived to reach for years, and is an excellent indicator of economic health. We’ve added 46,100 private-sector jobs since January, and our over-the-year job growth rate was 1.8 percent, the highest it’s been in 11 years!”
The last time the yearly growth in wage and salary employment measured more than 1.8 percent was in June 2006, when it measured 2.2 percent.
Wage and salary employment increased in June by 6,000 to 2,016,400. Thus far this year, wage and salary employment has increased 34,800, with large gains in the leisure and hospitality sector (plus 10,800), the professional and business services sector (plus 6,900), and the education and health services sector (plus 6,200).
For more information about June’s employment stats, click here.