Alabama finishes decade with record low unemployment rate, sets more economic milestones
Alabama Department of Labor Secretary Fitzgerald Washington on Friday announced that the state maintained its record low unemployment rate last month, ending 2019 with a preliminary, seasonally adjusted December unemployment rate of 2.7%, unchanged from November, and far below December 2018’s rate of 3.8%.
Multiple other economic records were again set last month, in addition to the record low unemployment rate holding steady.
In a statement, Governor Kay Ivey said, “I’m so proud to be able to close out this decade with record-breaking economic measures.”
December’s unemployment rate, which ranked fifth-lowest in the nation, represented 2,204,740 employed people, a new record high, representing an increase of 83,971 from December 2018. Additionally, 61,458 people were counted as unemployed, another new record and a drop of 22,051 from last year. Moreover, the civilian labor force grew by 61,920 over the year to a new record high of 2,266,198.
“All year long, we’ve had good news to share, and to be able to end the year, and the decade, on such a positive note is wonderful,” the governor concluded. “Earlier this year, Alabama had never reported an unemployment rate lower than 3.0%, and now we’ve had one for the last three months! Nearly 84,000 more people have jobs now than last year. I’m excited about the path that Alabama is on, and the positive impacts this news has on our people.”
Wage and salary employment grew over the year by 46,300. Yearly gains were seen in the professional and business services sector (+15,000), the leisure and hospitality sector (+7,800) and the government sector (+6,100), among others. Over the month, gains were seen in the trade, transportation and utilities sector (+4,000), the construction sector (+700) and the professional and business services sector (+200).
“For the eleventh month in a row, our job growth has met or surpassed the nation’s,” Washington stated. “We’ve gained over 46,000 jobs since last December, and we continue to see employers posting job ads.”
Additionally, Alabama’s job growth rate for December was 2.2%. It significantly surpassed the national job growth rate of 1.4%, marking the 11th month that Alabama’s job growth rate matched or exceeded the national rate in 2019.
“Average weekly wages showed significant growth this month, registering at an all-time high,” Washington added. “Additionally, we saw many sectors and subsectors reach all-time wage highs, including manufacturing, with a monthly wage increase of $25.57, and financial activities, with a monthly wage increase of $50.78.”
Total private average weekly wages measured $875.44 in December, representing a monthly increase of $15.14.
Counties with the lowest unemployment rates last month were: Shelby County at 1.8%; Marshall, Madison and Cullman Counties at 2.1%; and Tuscaloosa, St. Clair, Morgan, Limestone, Lee and Elmore Counties at 2.2%.
Counties with the highest unemployment rates were: Wilcox County at 6.8%, Clarke County at 5.5% and Greene and Lowndes Counties at 4.8%.
Major cities with the lowest unemployment rates were: Vestavia Hills at 1.4%, Homewood at 1.6% and Hoover and Northport at 1.7%.
Major cities with the highest unemployment rates were: Prichard at 5.0%, Selma at 4.9% and Bessemer at 3.7%.
Sean Ross is the editor of Yellowhammer News. You can follow him on Twitter @sean_yhn