Alabama Unemployment steady at 2.7%

 Alabama Department of Labor Secretary Fitzgerald Washington announced today that Alabama’s preliminary, seasonally adjusted February unemployment rate is unchanged at 2.7%, a record low, and well below February 2019’s rate of 3.5%.  February’s rate represents 2,184,248 employed persons, up 23,325 over the year.

Wage and salary employment increased in February by 13,000.  Monthly gains were seen in the professional and business sector (+5,000), the education and health services sector (+4,200), and the government sector (+3,300), among others.  Over the year, wage and salary employment increased by 21,300, with gains in the government sector (+6,600), the education and health services sector (+5,300), and the trade, transportation, and utilities sector (+2,800), among others.

Average weekly total private wages increased to $878.55 in February, up from $872.50 in January, and $842.75 in February 2019.

The following sectors saw record high wages in February 2020:

  • Trade, transportation, and utilities      $728.94
  • Financial Activities                             $1,144.94
  • Leisure & Hospitality                          $336.69

All 67 counties experienced over-the-year rate drops, and 65 of 67 counties saw experienced over-the-month rate drops.

Counties with the lowest unemployment rates are: Shelby County at 2.1%, Madison County at 2.3%, and Tuscaloosa, Morgan, Marshall, Limestone, and Lee Counties at 2.4%.  Counties with the highest unemployment rates are: Wilcox County at 8.5%, Clarke County at 5.6%, and Greene County at 5.5%.

Major cities with the lowest unemployment rates are: Vestavia Hills at 1.6%, Homewood, Hoover, and Northport at 1.9%, and Madison at 2.0%.  Major cities with the highest unemployment rates are: Selma at 5.9%, Prichard at 5.8%, and Gadsden at 4.7%.

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