Albany’s Unemployment Rate Inches Up Slightly in January
Friday, March 15th, 2024
Georgia Labor Commissioner Bruce Thompson said Thursday that Albany recorded an unemployment rate of 3.7 percent in January, up four-tenths of a percent over the month. A year ago, the rate was 4.1 percent.
“Georgia's January unemployment rate hit its lowest point in over a year,” said Commissioner Thompson. “This speaks volumes about our state's economic resilience and ability to lead when times get tough. Regionally, we are seeing a slight seasonal uptick in January unemployment, but Georgia continues to be forward-thinking in its policy decisions and focus on sustainable economic growth. While we may see some softening of the economy over the coming months, Georgia is in a better position than most to overcome any challenges heading our way.”
The labor force increased in Albany by 54 and ended the month with 63,568. That number went down by 1,343 when compared to January of 2023.
Albany finished the month with 61,219 employed residents. That number decreased by 178 over-the-month and went down by 1,049 when compared to the same time a year ago.
Albany ended January with 61,500 jobs. Jobs decreased by 900 over-the-month and were down 1,600 over-the-year.
In January, initial unemployment claims increased by 175 (76%) in Albany. When you compare January 2024 claims to January 2023, claims were up by 12 (3%).
