POST Online Media Lite Edition



 

Alabama hits brand-new record low unemployment rate

Christian Fernsby |
Alabama’s preliminary, seasonally adjusted May unemployment rate is 2.7%, a new record low, down from April’s rate of 2.8%, and below May 2021’s rate of 3.6%.

Article continues below




“Once more, we are seeing the resiliency of Alabama’s workforce,” said Governor Ivey. “Yet again, we’re breaking records that were set only a month ago. We’re nearly a full percentage point below the nation’s unemployment rate, we’ve been consistently ranked as the having the lowest unemployment rate in the southeast, and our wages are growing at a remarkable pace.”

“In fact, Alabama’s average weekly wages have once again reached a brand-new record high, rising by 20% since May 2019. Alabamians are working, and our business community is reaping the benefits!”

May’s rate represents 61,621 unemployed persons, a new record low, compared to 63,184 in April and 80,191 in May 2021.

Additionally, the number of people counted as employed grew to 2,222,977 in May, a new record high. This represents an increase from 2,213,187 in April, and an increase from 2,169,710 in May 2021.

Alabama’s average weekly earnings grew to a new record high of $1,004.65 in May, up from $995.44 in April, and $978.06 in May 2021.

The Civilian Labor Force (CLF) increased by 34,697 over-the-year to a 2022 record high of 2,284,598.

Over the year, wage and salary employment increased 45,700, with gains in the leisure and hospitality sector (+8,300), the professional and business services sector (+7,700), and the construction sector (+6,900), among others.

Wage and salary employment also increased in May by 9,800. Monthly gains were seen in the professional and business services sector (+4,600), the construction sector (+1,900), and the leisure and hospitality sector (+1,900), among others.

Counties with the lowest unemployment rates are: Shelby County at 1.6%, Marshall County at 1.8%, and Morgan, Limestone, Elmore, and Cullman Counties at 1.9%. Counties with the highest unemployment rates are: Wilcox County at 8.5%, Lowndes and Perry Counties at 5.9%, and Dallas County at 5.4%.

Major cities with the lowest unemployment rates are: Alabaster at 1.4%, Homewood and Trussville at 1.5%, and Hoover and Madison at 1.6%. Major cities with the highest unemployment rates are: Selma at 7.0%, Prichard at 5.4%, and Gadsden at 3.8%.