Alabama hits new record low unemployment rate for 2nd consecutive month.
“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 having the lowest unemployment rate in the southeast, and our wages are growing at a remarkable pace.”In March, Alabama’s unemployment rate was 2.9%, representing 65,441 people. The recent rate represents 61,621 unemployed people in the state.
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Gov. Ivey announces Alabama hits brand-new record low unemployment rateGovernor Kay Ivey on Friday announced that 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%.
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