Governor Ivey Announces Alabama's October Unemployment Rate is 2.7%, Jobs Count and Wages at Record High

MONTGOMERY – Governor Kay Ivey on Friday announced that Alabama’s preliminary, seasonally adjusted October unemployment rate is 2.7%, up slightly from September’s rate of 2.6% and below October 2021’s rate of 3.1%. October’s rate represents 61,760 unemployed persons, down from 70,569 in October 2021.

“Despite the challenging economic climate nationally, Alabama continues holding steady. At 2.7 percent, we are now supporting more jobs than at any point in our state’s history,” said Governor Ivey. “Our wages continue to move in the right direction, more world-leading firms are relocating here every day, and our workforce development efforts are producing newly credentialed workers almost every day. It’s more than apparent that we have much to be thankful for as we head into the holiday season.”

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