Alabama hits new unemployment low
Alabama’s unemployment rate for May hit a new record low, the state announced Friday.
The seasonally adjusted rate in May was 2.7%, down from April’s 2.8% and May 2021’s rate of 3.6%.
“Once more, we are seeing the resiliency of Alabama’s workforce,” said Alabama Gov. Kay Ivey in a statement. “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.”
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. For a 40-hour week, that represents an average hourly pay of $25.11.
“All of the elements needed for positive economic growth continue to improve and are consistently breaking records,” said Alabama Department of Labor Secretary Fitzgerald Washington. “More people have joined the labor force than at any other time this year, showing that people have confidence in their ability to find a job.”
Counties with the lowest unemployment rates are:
- Shelby County at 1.6%
- Marshall County at 1.8%
- Morgan, Limestone, Elmore and Cullman Counties tied at 1.9%
Counties with the highest unemployment rates are:
- Wilcox County at 8.5%
- Lowndes and Perry Counties at 5.9%
- Dallas County at 5.4%
Major cities with the lowest unemployment rates are:
- Alabaster at 1.4%
- Homewood and Trussville at 1.5%
- Hoover and Madison at 1.6%
Major cities with the highest unemployment rates are:
- Selma at 7%
- Prichard at 5.4%
- Gadsden at 3.8%