Albany’s March Unemployment Rate Sees Minor Uptick Amid Solid Job Sector Growth
Friday, April 26th, 2024
Georgia Labor Commissioner Bruce Thompson said Thursday that Albany recorded an unemployment rate of 3.8 percent in March, up two-tenths of a percent over the month. A year ago, the rate was 3.8 percent.
“Georgia’s job market is red hot with opportunity,” said Commissioner Bruce Thompson. “This continuous growth is a strong indicator that our economic momentum is not slowing down any time soon. Once again, Georgia continues to shatter records in growing businesses statewide and creating jobs for hardworking Georgians.”
The labor force increased in Albany by 335 and ended the month with 64,388. That number went down by 383 when compared to March of 2023.
Albany finished the month with 61,949 employed residents. That number increased by 220 over-the-month and went down by 341 when compared to the same time a year ago.
Albany ended March with 62,300 jobs. Jobs increased by 400 over-the-month and were down by 700 over-the-year.
In March, initial unemployment claims decreased by 86 (-29%) in Albany. When you compare March 2024 claims to March 2023, claims were down by 59 (-22%).
