March 27, 2023 Group Watch: State Unemployment Rate Ties All-Time Low
The Alabama unemployment rate for February tied an all-time low, according to figures released by the governor’s office. The state’s seasonally adjusted February rate is 2.5 percent, tying the record low and down from January’s rate of 2.6 percent. According to the Alabama Department of Labor, wage and salary employment, totaling 2,133,500 in February, increased 15,900 over the month. Monthly gains were seen in the professional and business services sector (+3,800), the government sector (+3,500), the leisure and hospitality sector (+3,400), the private-education and health-services sector (+3,200), the manufacturing sector (+1,100), the construction sector (+700) and the information sector (+300), among others. Major cities with the lowest unemployment rates are: Homewood and Madison at 1.5 percent, Trussville and Vestavia Hills at 1.6 percent, and Alabaster, Hoover and Northport all at 1.7 percent. Major cities with the highest unemployment rates are: Selma at 6.5 percent, Pritchard at 4.3 percent and Bessemer at 3.8 percent.
