Alabama jobless rate rises to 6.4 percent

Alabama jobless rate rises to 6.4 percent
Alabama jobless rate rises to 6.4 percent
Author

16 March, 2017

Lee County's unemployment rate rose from 5 percent to 5.8 percent in January.

That's up slightly from 3.2 percent in January 2016.

For the first time in more than four years, Limestone County's jobless rate hit 6 percent in January, according to numbers released Monday by the state Department of Labor. He says the complete picture is one of a state economy approaching full employment. It was also well above the year-ago rate of 6.1 percent.

Simplified, the numbers indicate that while there are more people looking for jobs, there also are more who already have them than this time previous year.

The rate decreased one-tenth of a percentage point from December 2016, which was 3.9 percent. Therefore, nonfarm payroll employment is really a count of the number of jobs, rather than the number of persons employed.

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Total private employment in Alabama lost 21,100 jobs in January, when over the year, 24,000 were gained.

The commissioner of the Vermont Department of Labor said she received a notice on Friday indicating 76 Merchants Bank employees will lose their jobs during a two-week period from May 12-25. By contrast, North Dakota, with a still-low rate of 3.2%, had an even better unemployment rate of 2.8% in 2015. Only Wyoming, which saw its unemployment rate jump 1.1% during 2016, saw a significant increase of more than 0.5%. "Our labor force is larger than it has been in more than five years".

"Average weekly earnings for our workers are up both over the month and the year", Washington said. BLS includes unemployment rates and employment-population ratios for all 50 states, as well as the year-over-year changes of these metrics.

Employment in other service, including repair-maintenance services and membership organizations, rose by 1,900.


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