Ivey: Alabama’s economy ‘bouncing back’

Alabama

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By WVUA 23 Digital Reporter Kyrsten Eller

Alabama’s economy is bouncing back, Gov. Kay Ivey announced Tuesday in Montgomery.

Ivey was touting the state’s 3.1% unemployment rate and said the workforce is largely recovered after a year of uncertainty. Alabama is close to its record-low unemployment of 2.6%, which happened right before the COVID-19 pandemic.

Ivey said she credits the solid foundation that the Alabama Department of Labor created over the last five years as they brought in $19 billion in capital investments, some of which came last year when it was needed the most.

“During a very challenging year, Alabama saw numerous projects completed in key industrial sectors such as automotive, aerospace, fuel making, bioscience forest products and more,” Ivey said. “Many of these projects directly impacted the river region and created jobs for folks that desperately needed them.”

More jobs are available now than ever before, Ivey said, and she’s hoping the state’s unemployment rate will drop more over the coming months.

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