Economy

Alabama jobless rate drops to 3.6 percent

Alabama jobless rate drops to 3.6 percent

The jobless rate fell to 4.8% last month from 5.1% in September.

"The low unemployment rate and job gains are indicators of the ongoing strength of the economy in MA".

Last month's rate is well below the state's October 2016 rate of 6.1 percent.

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Over the year, the state's seasonally adjusted unemployment rate increased five-tenths of a percentage point from 3.2% in October 2016. Over the year, the Pennsylvania unemployment rate declined by eight-tenths of a percentage point.

That easily surpassed the previous low of 2.4 percent achieved from October through December 2006 and from May through September 1989. Chase County has the lowest rate at 2 percent while Coffey County has the highest at 4.2 percent.

"The 2.2 percent unemployment rate is the lowest unemployment rate on record dating back to 1976, under current methodology", DLIR Director Linda Chu Takayama said in a statement. Private sector jobs also decreased by 1,700 since September. But the agency says nonfarm employment has fallen for three consecutive months by a total of 3,900 jobs, to 495,800 in October. Those gains exceeded losses in the information sector.


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