State Cullman Co. unemployment rate down slightly to 3.4%, second-lowest in state | The Cullman Tribune

State

Cullman Co. unemployment rate down slightly to 3.4%, second-lowest in state

MONTGOMERY - The Alabama Department of Labor (ADOL) on Friday released the state’s latest unemployment numbers. Statewide, Alabama’s preliminary, seasonally adjusted August unemployment rate is 4.1 percent, unchanged from July’s rate, and slightly above August 2017’s rate of 4.0 percent. Cullman County’s rate ticked down slightly to 3.4 percent, down from 3.5 percent in July and 3.7 percent in August 2017. Cullman’s rate remains the second-lowest in the state.

According to ADOL, August’s rate represents 91,211 unemployed persons, compared to 90,928 in July and 86,383 in August 2017.

Labor Sec. Fitzgerald Washington said more than 2.1 million people were working in Alabama in August, breaking the previous employment record for the fourth consecutive month. 

“For four months in a row now, we’ve been breaking employment records,” Washington said. “Thirty-two thousand more Alabamians are working now than last year.  We’ve also seen our labor force grow by 37,000, meaning more people have confidence in the economy and their ability to find a job – and the majority of those have found work, which is great news.”

In August 2018, 2,112,274 Alabamians were counted as employed, up from 2,105,577 in July, and up 32,101 from August 2017’s count of 2,080,173.

The civilian labor force, which is composed of people who are working or looking for work, increased over the year by 36,929, up to 2,203,485, compared to August 2017’s count of 2,166,556.

“Our jobs count continues to remain well above two million.  The sectors that are experiencing the most yearly growth are sectors with traditionally high wages, like professional and business services, manufacturing, and construction,” Washington continued.  “In fact, professional and business services employment, which includes high paying occupations like Operations Managers, Software Developers, and more, is at a record high.”

Professional and Business Services employment currently measures 252,100, the highest level ever experienced. 

Average hourly wages for selected occupations in this sector include: General and Operations Managers at $59.46/hr., Software Developers, Applications at $45.36/hr., and Database Administrators at $40.64/hr. Wages for other occupations can be found online at: www.labor.alabama.gov/lmi by using the “Alabama Wage Lookup” tool.

Over the year, wage and salary employment increased 23,300, with gains in the professional and business services sector (+9,500), the manufacturing sector (+8,200), and the construction sector (+2,300), among others.

Wage and salary employment increased in August by 9,600.  Monthly gains were seen in the government sector (+5,900), the professional and business services sector (+5,700), and the construction sector (+1,600), among others. 

In August 64 of 67 counties saw their unemployment rates decrease or remain unchanged, 25 of 26 major cities, and all metros saw either a decrease or no change in their rates from July to August.

Counties with the lowest unemployment rates are: Shelby County at 3.1 percent, Cullman County at 3.4 percent and Marshall County at 3.5 percent.  Counties with the highest unemployment rates are: Wilcox County at 10.0 percent, Clarke County at 8.1 percent and Lowndes County at 7.9 percent.

Major cities with the lowest unemployment rates are: Vestavia Hills at 2.8 percent, Homewood, Hoover, and Alabaster at 3.0 percent and Madison at 3.2 percent.  Major cities with the highest unemployment rates are: Selma at 8.2 percent, Prichard at 7.3 percent, and Bessemer at 5.5 percent.