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Alabama leads the country in job losses

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Despite gains in employment elsewhere in the country, Alabama continues to lose jobs faster than almost any other state. According to a Bureau of Labor Statistics report released today, 45 states experienced an improvement in their employment situations last month. However, Alabama actually lost jobs at a 0.3% rate from the previous month. The only state that lost a highter percentage of jobs was Florida, at a 0.5% rate. Many of the jobs lost were in the construction, production, and service industries.

Alabama's labor market, when examining the data for the 12 previous months, looks better than the recent figures. Last year at this time Alabama's unemployment rate was 9.3%, compared to this year's 7.8%. So while the state had a down month, the overall yearly unemployment rate is still better than the U.S. rate, which is 8.3%.

For more regional economic information, click here.