The U.S. reduced unemployment to record lows earlier this year, and it has only experienced slight fluctuations since then, even as inflation has cooled. For the time being, the job market is still in good shape, as new unemployment claims increased slightly week-over-week on September 25. There are currently 6.4 million Americans unemployed in total.
The unemployment situation in Alabama recently improved, with last week’s claims 31.32% lower than in the previous week but still 0.36% higher than last year, according to WalletHub’s updated rankings for the States Where Unemployment Claims Are Decreasing the Most.
Unemployment Situation in Alabama (1=Best; 25=Avg.):
- Overall Rank for Alabama: 1st
- 1st – Unemployment Claims Decrease vs. Previous Week
- 16th – Unemployment Claims Decrease vs. Same Week Last Year
- 15th – Cumulative Unemployment Claims in 2023 vs. Same Period Last Year
- 32nd – Unemployment Claims per 100,000 People in Labor Force
To view the full report and view Alabama’s rank, please visit:
https://wallethub.com/edu/
Media Release/WalletHub/Diana Polk
