Skip to main content
  1. News
  2. Business & Finance
  3. Stock Market

Alabama's employment continues to decline more rapidly than elsewhere


AP: Alabama's employment continues to decline. 

Today the Bureau of Labor Statistics released its report on the unemployment rates in each state. Alabama's unemployment rate in January was 11.1 percent, up from 10.5 percent in December and up from 8.1 percent from a year ago. In comparison, the U.S. unemployment rate was 9.7 percent, down from 10 percent in December.

Employment increased in 31 states and the District of Columbia, while employment decreased in 18 states. Alabama was one of the hardest-hit states.

Alabama lost the fourth highest number of jobs in January, at a 3 percent loss. Only Kentucky, Missouri, and Nevada lost more jobs than Alabama, with 5 percent job losses. These states continue to lose jobs in real estate, manufacturing, and banking. 

North Dakota has consistently enjoyed the lowest unemployment rate, and the latest figures are no different. North Dakota's January unemployment rate was 4.2 percent. Nebraska and South Dakota also experienced low unemployment rates, at 4.6 and 4.8 percent, respectively.

On the other hand, Michigan has consistenly experienced the highest unemployment rate, and the latest figures are no different. Michigan's January unemployment rate was at 14.3 percent, which, although still quite high, is a vast improvement over the 15.5 rate the state had experienced over the previous two months. Nevada had the second highest unemployment, at 13 percent.

Although the unemployment rate remains high, there is some hope on the horizon. The most recent report from the Bureau of Economic Analysis indicates that GDP is growing at a healthy 5.9 percent. A growing economy will eventually require more workers to support the higher level of output, which is good news for job seekers. 

Comments

Advertisement

News

  • Gaza conflict
    Israel official: Ceasefire and expanding Gaza conflict are both being discussed
    Video
    Video
  • Air Algerie crash
    Conflicting reports about the Air Algerie disappearance begin to emerge
    Top News
  • Arizona execution
    A Senator familiar with torture denounces Joseph Wood's botched execution as such
    US News
  • Ray Rice suspended
    Ravens' running back Ray Rice is suspended for two games for a domestic violence arrest
    Sports
  • Amazon tribe falls ill
    An Amazonian tribe catches influenza after making first contact with the developed world
    Headlines
  • CIA prison in Poland
    Poland is declared guilty of human rights violations for hosting a secret CIA prison
    Video
    Video