Albany’s Unemployment Rate Drastically Drops in October

Staff Report

Monday, November 30th, 2020

Georgia Labor Commissioner Mark Butler said Thursday that Albany saw its unemployment rate drop a substantial 1.9 percentage points in October.

Albany also saw monthly increases across all major indicators, including labor force, number of employed residents, and jobs for October.

“In October, every MSA saw unemployment rates dramatically decrease, including some areas that dropped to pre-pandemic numbers, demonstrating how strong our economy was across the state prior to the crisis and how we are successfully recovering,” said Commissioner of Labor Mark Butler.  “We have a significant number of jobs available on EmployGeorgia from all parts of the state for those looking for new career opportunities.  Filling these jobs will be critical for continuing the growth we need to progress economically.” 

In Albany, the unemployment rate decreased 1.9 percentage points in October, reaching 5.6 percent. A year ago, the rate was 3.8 percent. 

The labor force increased in Albany by 1,936 and ended the month with 65,377. That number is down 1,427 when compared to October of 2019. 

Albany finished the month with 61,686 employed residents.  That number increased by 2,983 over the month and is down by 2,554 when compared to the same time a year ago. 

Albany ended October with 60,400. jobs. That number increased by 500 from September to October but decreased by 2,700 when compared to this time last year.

The number of unemployment claims went up by 5 percent in Albany. When compared to last October, claims were up by about 914 percent. 

Employ Georgia, the GDOL’s online job listing service at employgeorgia.com showed about 963 active job postings in metro Albanyfor October.