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Alabama’s February Labor Force Participation Rate Remains Unchanged at 57.4%

March 22, 2024

Alabama’s February Labor Force Participation Rate Remains Unchanged at 57.4%

News Release

For Immediate Release: March 22, 2024

 

Alabama’s February Labor Force Participation Rate Remains Unchanged at 57.4%

Nearly 40,000 Jobs Added Over the Year

 

MONTGOMERY – Alabama Department of Labor Secretary Fitzgerald Washington announced today that Alabama’s labor force participation rate for February remained unchanged at 57.4%. The percentage of prime-age workers increased by one-tenth of a percentage point to 78.7% over the month. Over the year, this number increased by one and three-tenths of a percentage point from 77.4%. Prime-age workers are those aged 25-54 years.

“The growth in the prime-age labor force participation rate is truly encouraging,” said Washington. “We continue to see both monthly and yearly growth in this population segment, which tells us that the folks who can and should be working are doing their part and steadily joining the labor force.”

Alabama’s preliminary, seasonally adjusted unemployment rate is 3.0%, up from January’s rate of 2.9%. and up from February 2023’s rate of 2.3%.  The rate represents 69,086 unemployed persons, compared to 66,558 in January and 53,034 in February 2023.

The number of people counted as employed increased by 23,963 over the year to 2,258,997. The civilian labor force also increased to 2,328,083, with 40,015 more people joining over the year.

Over the year, wage and salary employment increased by 39,500 to 2,183,600, with gains in the private education and health services sector (+10,900), the government sector (+9,300), and the manufacturing sector (+6,600), among others.

Over the month, wage and salary employment increased by 21,800, with gains in the private education and health services sector (+5,400), the professional and business services sector (+3,400), and the government sector (+3,300).

“Job growth is also rising in Alabama,” continued Washington. “Our economy is supporting nearly 40,000 more jobs than we were last year.”

Counties with the lowest unemployment rates are:  Shelby County at 2.6%, Morgan County at 2.7%, and Madison and Limestones Counties at 2.8%.  Counties with the highest unemployment rates are: Wilcox County at 10.6%, Dallas County at 6.8%, and Perry County at 6.6%.

Major cities with the lowest unemployment rates are: Homewood and Vestavia Hills at 2.4%, Alabaster, Hoover, Madison, and Trussville at 2.5 %, and Northport at 2.7%.  Major cities with the highest unemployment rates are: Selma at 7.8%, Prichard at 6.5%, and Anniston, Gadsden, and Mobile at 4.8%.

 

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Seasonal adjustment” refers to BLS’s practice of anticipating certain trends in the labor force, such as hiring during the holidays or the surge in the labor force when students graduate in the spring, and removing their effects to the civilian labor force. 
The Current Population (CPS), or the household survey, is conducted by the Census Bureau and identifies members of the work force and measures how many people are working or looking for work.
The establishment survey, which is conducted by the Bureau of Labor Statistics (BLS), a division of the U.S. Department of Labor, surveys employers to measure how many jobs are in the economy.  This is also referred to as wage and salary employment.