Albany Unemployment Rate Drops Heading into the New Year
Monday, January 8th, 2024
Georgia Labor Commissioner Bruce Thompson said Thursday that Albany recorded an unemployment rate of 3.6 percent in November, down four-tenths of a percent over the month. A year ago, the rate was 3.5 percent.
“As we prepare to ring in a new year, Georgia’s future is bright, said Commissioner Bruce Thompson. “With holiday shopping and retail kicking back up, Georgia’s unemployment rates are dropping faster than holiday deals. Coupled with a soaring job market and a workforce ready to take on limitless opportunities, Georgia is well on the road to success.”
The labor force increased in Albany by 698 and ended the month with 66,188. That number went up by 1,825 when compared to November of 2022.
Albany finished the month with 63,830 employed residents. That number increased by 946 over-the-month and rose by 1,723 when compared to the same time a year ago.
Albany ended November with 64,600 jobs. Jobs increased by 700 over-the-month and were up 1,400 over-the-year.
In November, initial unemployment claims decreased by 138 (-39%) in Albany. When you compare November 2023 claims to November 2022, claims were down by 104 (-33%).
