Governor Ivey announces record low unemployment rate in Alabama

Kay Ivey FullScreen.png
(IMG: WPMI) Governor Ivey announces record low unemployment rate in Alabama

Governor Kay Ivey has released the unemployment numbers for the month of January.

On Monday, Governor Ivey said in a press release that January's rate is at a record low of 3.7 percent, down 0.1 percent from December 2017.

This time last year, the rate was at 5.5 percent. In January 2018, Alabama had 80,841 unemployed persons, compared to 82,378 in December and 120,788 in January 2017.

“As we start a new year, we’re pleased to announce that we’re starting off with a new record low unemployment rate,” said Governor Ivey. “Nearly 40,000 fewer people are counted as unemployed, also setting a new record low. We have been working hard for months to bring quality, high-paying jobs to Alabama, and we’re putting our people back to work. We will continue this work in 2018, and we hope to maintain these fantastic numbers.”

“It is not uncommon for preliminary rates to be adjusted as more precise data becomes available, especially around highly seasonal periods, such as the holidays,” said Fitzgerald Washington, Secretary of the Department of Labor. “Even with the adjustments, we are still in an extremely good place. It was recently announced that our yearly average unemployment rate in 2017 dropped more than any other state in the country. Our wage and salary employment continues to show yearly increases, and all 67 counties have experienced significant yearly drops in their unemployment rates, some as high as 4.9 percentage points.”

Over the year, wage and salary employment increased 17,700, with gains in the leisure and hospitality sector (+6,000), the education and health services sector (+5,600), and the professional and business services sector (+4,800), among others.

Counties with the lowest unemployment rates:

  • Shelby County at 3.0 percent
  • Cullman County at 3.5 percent
  • Marshall, Madison, Elmore, and Blount Counties at 3.6 percent

Counties with the highest unemployment rates:

  • Wilcox County at 10.4 percent
  • Clarke County at 8.1 percent
  • Lowndes County at 7.5 percent

All 67 counties experienced yearly drops in their unemployment rates, ranging from 1.2 percentage points in Autauga County to 4.9 percentage points in Wilcox County.

Major cities with the lowest unemployment rates:

  • Vestavia Hills at 2.5 percent
  • Homewood and Hoover at 2.8 percent
  • Alabaster and Northport at 2.9 percent

Major cities with the highest unemployment rates:

  • Prichard at 7.7 percent
  • Selma at 7.0 percent
  • Anniston at 5.8 percent