State’s Unemployment Rate Continues to Drop; 3.6 Percent Is Record Low for Alabama
The good news for Alabama’s unemployment rate continued in October as the state recorded its lowest ever jobless rate. October’s rate of 3.6 percent is down from 3.8 percent in September, which had matched the state’s previous low rate.
The past year has been an extremely strong for employment in Alabama, as the unemployment rate has fallen nearly every month. A year ago, October 2016, the state’s jobless rate was 6.1 percent.
“We had great news last month when we announced that Alabama’s unemployment rate had tied its lowest ever,” Gov. Kay Ivey said. “Today, our news is even bigger! Alabama’s unemployment rate has dropped even more, registering a new record low! What we are doing is working, and as a result, the people of Alabama are working.
“Additionally, today’s numbers show that we currently have the fewest number of unemployed people in history, measuring some 77,000. But that means 77,000 Alabamians, men and women, are still without work. I will persist in my efforts to put every Alabamian who wants to work in a good-paying job by recruiting high-wage, high-skill industries to Alabama.”
October’s rate represents 77,358 unemployed persons, the lowest number ever recorded. That compares to 82,562 in September and 133,875 in October 2016.
“As we continue to see our unemployment rate drop, Alabama’s businesses continue to hire and support real jobs in our economy,” said Fitzgerald Washington, secretary of the Alabama Department of Labor. “Our wage and salary employment figures are currently at the third-highest level since we began keeping records. There are nearly 30,000 more jobs today than there were in October of last year. Through job fairs and the services provided at our Career Centers located throughout the state, we are helping employers find the employees they are looking for.”
Read AL.com’s story about the historic law unemployment rate.