Unemployment down in October
Unemployment rates for the month of October were recently released and showed Franklin County had a decrease in unemployment from September to October.
Franklin County’s unemployment rate dropped to 6.9 percent in October, which was a decrease from September’s rate of 7.2 percent.
That total represents 885 local residents who are reported to be unemployed, which is down from 909 people the previous month. It’s also 58 less people than it was at the same time last year.
Statewide, the unemployment rate was reported to be on the decline as well.
Gov. Robert Bentley announced Friday that Alabama’s preliminary, seasonally adjusted October unemployment rate is 6.3 percent, down from September’s rate of 6.6 percent. October’s rate represents 133,470 unemployed persons, compared to 140,555 in September.
“The October unemployment rate is good news for Alabama,” Bentley said.
“We are seeing healthy growth in the number of jobs our economy is supporting, and that is a testament to our efforts to recruit quality companies that bring good jobs to Alabama. We have not seen this many jobs in more than five years, before the recession hit Alabama, and I am confident this trend will continue.”
Wage and salary employment, totaling 1,948,600 in October, increased by 9,800. Monthly gains were seen in the professional and business services sector (+2,900), the government sector (+2,700), and the trade, transportation, and utilities sector (+2,400), among others.
Over the year, wage and salary employment increased by 33,100. This also represented the largest percentage gain in job growth (1.73 percent) since June 2006, in addition to being the largest year-over-year gain during 2014. Yearly gains were seen in the leisure and hospitality sector (+12,100), the professional and business services sector (+10,100), the manufacturing sector (+7,500), and the construction sector (+3,200), among others.
The last time wage and salary employment was at or above 1,948,600 was December 2008, when wage and salary employment totaled 1,964,400.
“We continue to see more than 20,000 job orders coming in monthly on JobLink, which tells us that employers are hiring,” Alabama Department of Labor Commissioner Fitzgerald Washington said.
“Additionally, all of our unemployment compensation benefits data is also trending in the right direction, with the amount paid in benefits this month down by over 30 percent from last year.”
The amount paid in unemployment compensation benefits in October was $16,309,161, compared to $24,218,041 in October 2013.
JobLink, the state’s online free jobs database (www.joblink.alabama.gov), registered 20,912 active job orders in October. The Help Wanted Online (HWOL) data showed 51,538 total job ads were placed online in Alabama. The most advertised careers continue to be: truck drivers, retail supervisors, and registered nurses.
Counties with the lowest unemployment rates are: Shelby County at 4.1 percent, Lee County at 4.6 percent, and Cullman, Cherokee, and Blount Counties at 4.7 percent.
Counties with the highest unemployment rates are: Wilcox County at 12.9 percent, Bullock and Lowndes Counties at 12.1 percent, and Dallas County at 11.2 percent.
In northwest Alabama, the reported unemployment totals are: Lauderdale County at 6.1 percent, Colbert County at 6.9 percent, Lawrence County at 7.1 percent, Marion County at 7.6 percent and Winston County at 7.6 percent.
