Alabama’s unemployment rate reaches record low.
MONTGOMERY, Ala. - Governor Kay Ivey announced Friday that Alabama’s unemployment rate has reached a new record low.
According to the Governor’s statement, the state’s preliminary, seasonally adjusted rate for March fell to 2.9%. February’s rate came in at 3.0%. The rate has fallen almost a full percentage point from the March 2021 rate of 3.7%.“Alabama has been on a roll as our folks have been eager to get to work, and the fact that we have once again hit our record low unemployment rate is proof positive of that,” said Governor Ivey.
The March rate represents 65,485 unemployed persons, the lowest ever on record. In March 2021, 82,443 people were considered unemployed in the rate calculation. “At no point in Alabama’s history have we recorded fewer people as unemployed,” said Alabama Department of Labor Secretary Fitzgerald Washington.
“Alabamians are working, businesses are hiring, and we are getting back to normal with every passing month.”
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