Ivey announces August unemployment rate holds steady
Published 2:00 pm Friday, September 16, 2022
FROM STAFF REPORTS
MONTGOMERY – Shelby County was named as one of the Alabama counties with the lowest unemployment rates. Additionally, Alabaster and Hoover were recognized as cities with some of the lowest unemployment rates in the state.
Governor Kay Ivey announced Alabama’s preliminary, seasonally adjusted August unemployment rate held steady at 2.6 percent. August’s rate is well below August 2021’s rate of 3.3 percent. August’s rate represents 58,958 unemployed persons, a new record low, compared to 59,359 in July and 74,505 in August 2021.
“Alabama continues to maintain its record-setting recovery with this month’s numbers,” Ivey said. “All of our metrics continue to move in the right direction, and we’re seeing more and more people joining our labor force. This positive news displays that Alabamians are confident they can land a job. Opportunities abound in Alabama, and we’re proud of our continued progress.”
The number of people counted as employed also reached a new record high, increasing by 67,881 over the year to 2,234,669. An increase in the civilian labor force in August also raised its level to a new record high, gaining 52,334 people over the year to total 2,293,627.
“We continue to add jobs to our economy at a good pace,” said Labor Secretary Fitzgerald Washington. “Right now, there are around two available jobs for every unemployed person. Our construction industry is thriving, and growing construction employment generally tends to predict positive economic growth.”
Over the year, wage and salary employment increased by 36,800, with gains in the construction sector (+9,800), the education and health services sector (+9,300), and the trade, transportation and utilities sector (+7,100), among others.
Wage and salary employment increased in August by 1,500. Monthly gains were seen in the professional and business services sector (+3,100), the education and health services sector (+2,700), the government sector (+2,300), among others.
All 67 counties saw their unemployment rates decline over the year, and all counties saw their unemployment rates hold steady or decline over the month.
Counties with the lowest unemployment rates are Shelby County at 2.0 percent, Marshall and Cullman Counties at 2.2 percent, and Morgan, Limestone, Chilton and Blount Counties at 2.3 percent. Counties with the highest unemployment rates are Wilcox County at 10.0 percent, Lowndes County at 7.4 percent and Perry County at 7.2 percent.
Major cities with the lowest unemployment rates are Vestavia Hills at 1.6 percent, Homewood and Trussville at 1.8 percent and Alabaster and Hoover at 1.9 percent. Major cities with the highest unemployment rates are Selma at 8.5 percent, Prichard at 6.5 percent and Anniston at 4.6 percent.