MONTGOMERY – Governor Kay Ivey announced today that Alabama’s preliminary, seasonally adjusted March unemployment rate is 2.3%, a new record low, down from February’s rate of 2.5%. It is also below March 2022’s rate of 2.5%. March’s rate represents 53,053 unemployed people, compared to 56,166 in February and 58,074 in March 2022. The number of people counted as unemployed also sets a new record low.
“We’re almost a quarter into 2023, and we are already seeing record-breaking success when it comes to Alabama’s economy,” said Governor Ivey. “We have been enjoying a period of low unemployment, high wages and high jobs count for some time now, and I believe that even greater economic achievements are on their way. We will not back down on our commitment to continue bringing quality, high-paying jobs to Alabama.”
The number of people counted as employed also reached a new record high in March, registering 2,236,706 people, a 7,446 increase from last year.
“Along…
Governor Ivey Announces New Record Low Unemployment Rate for Alabama,… , Alyssa Turner , 2023-04-21 13:15:51 , Office of the Governor of Alabama , , [rule_{ruleNumber}] , [rule_{ruleNumber}_plain] , https://governor.alabama.gov/newsroom/2023/04/governor-ivey-announces-new-record-low-unemployment-rate-for-alabama-shatters-previous-employment-records/ , https://governor.alabama.gov/newsroom/2023/04/governor-ivey-announces-new-record-low-unemployment-rate-for-alabama-shatters-previous-employment-records/ , governor.alabama.gov , https%3A%2F%2Fgovernor.alabama.gov%2Fnewsroom%2F2023%2F04%2Fgovernor-ivey-announces-new-record-low-unemployment-rate-for-alabama-shatters-previous-employment-records%2F , Press Releases, #Governor #Ivey #Announces #Record #Unemployment #Rate #Alabama..