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<div class=\"blog-text\">
<h2>Overall unemployment rate moved down to 7.0% with the biggest shift in Transportation &amp; Utilities, which gained 200 roles, based on the most recently available information published in April 2021.</h2>

<p>Total employment in the Albany, OR market rose by 414 jobs in February and the unemployment rate decreased compared to the prior month by 60 bps to 7.0%. The national unemployment rate decreased by 26 bps over the same time to 6.6%.</p>

<ul class=\"list-unstyled\">
	<li><i class=\"fa fa-check-circle\"></i> Albany, OR unemployment rate is 45 bps above the national rate which is a negative sign.</li>
	<li><i class=\"fa fa-check-circle\"></i> Unemployment in the market is 280 bps above the unemployment rate in the market last year at this time, which is a negative.</li>
	<li><i class=\"fa fa-check-circle\"></i> Average wages (per hour) grew in February versus prior month by 4.5% and are up compared to last year at this time in the market.</li>
</ul>

<div class=\"blog-chart\">
<div class=\"heading text-center w-50 h-3\">Month over Month Unemployment Change</div>

<div class=\"heading text-center w-50 h-3\">Year over Year Unemployment Change</div>
<a class=\"fancybox\" href=\"https://mployeradvisor.com/custom/domain_1/image_files/ckeditor/sitemgr_Winston-Salem, NC  Unemployment October 2020.png\"><img alt=\"Albany, OR Unemployment February 2021\" class=\"img-responsive center-block\" height=\"750\" src=\"https://mployeradvisor-production.s3.amazonaws.com/custom/domain_1/image_files/ckeditor/sitemgr_Albany%2C%20OR%20February%202021%20Bar%20Charts.png\" width=\"3241\" /></a></div>

<p>For key employment segments of the market, total jobs grew by 0.9% . Key sectors include:</p>

<ul class=\"list-unstyled\">
	<li><i class=\"fa fa-check-circle\"></i> Transportation &amp; Utilities: 11,100; +200</li>
	<li><i class=\"fa fa-check-circle\"></i> Manufacturing: 7,600; no change</li>
	<li><i class=\"fa fa-check-circle\"></i> Education &amp; Healthcare: 6,600; no change</li>
	<li><i class=\"fa fa-check-circle\"></i> Government: 6,000; no change</li>
	<li><i class=\"fa fa-check-circle\"></i> Construction, Mining: 3,200; no change</li>
	<li><i class=\"fa fa-check-circle\"></i> Restaurants &amp; Hotels: 3,100; +100</li>
	<li><i class=\"fa fa-check-circle\"></i> Business Services: 3,000; no change</li>
	<li><i class=\"fa fa-check-circle\"></i> Financial Services: 1,400; +100</li>
	<li><i class=\"fa fa-check-circle\"></i> Other Jobs: 1,400; no change</li>
	<li><i class=\"fa fa-check-circle\"></i> IT &amp; Development: 400; no change</li>
</ul>

<div class=\"blog-chart\">
<div class=\"heading logo h-3\">Employment Change by Key Sector</div>
<a class=\"fancybox\" href=\"https://mployeradvisor.com/custom/domain_1/image_files/ckeditor/sitemgr_Winston-Salem, NC Unemployment by Industry October 2020.png\"><img alt=\"Albany, OR Unemployment by Industry February 2021\" class=\"img-responsive center-block\" height=\"1084\" src=\"https://mployeradvisor-production.s3.amazonaws.com/custom/domain_1/image_files/ckeditor/sitemgr_Albany%2C%20OR%20February%202021%20Bubble%20Charts.png\" width=\"2566\" /> </a></div>

<p><i>Data is based on the most recent 12 months available, through February 2021 (Data published April 2021 and reports created on April 9, 2021).&nbsp; Source: Government data agency and locally acquired statistics.</i></p>

<p><i>Note: All reported data is not seasonally adjusted.</i></p>
</div>


market-summary

Employment Snapshot - Albany, OR February-2021

<div class=\"blog-text\">
<h2>Overall unemployment rate moved up to 7.5% with the biggest shift in Transportation &amp; Utilities, which lost 700 roles, based on the most recently available information published in March 2021.</h2>

<p>Total employment in the Albany, OR market declined by 1,528 jobs in January and the unemployment rate increased compared to the prior month by 150 bps to 7.5%. The national unemployment rate increased by 31 bps over the same time to 6.8%.</p>

<ul class=\"list-unstyled\">
	<li><i class=\"fa fa-check-circle\"></i> Albany, OR unemployment rate is 69 bps above the national rate which is a negative sign.</li>
	<li><i class=\"fa fa-check-circle\"></i> Unemployment in the market is 320 bps above the unemployment rate in the market last year at this time, which is a negative.</li>
	<li><i class=\"fa fa-check-circle\"></i> Average wages (per hour) grew in January versus prior month by 4.7% and are up compared to last year at this time in the market.</li>
</ul>

<div class=\"blog-chart\">
<div class=\"heading text-center w-50 h-3\">Month over Month Unemployment Change</div>

<div class=\"heading text-center w-50 h-3\">Year over Year Unemployment Change</div>
<a class=\"fancybox\" href=\"https://mployeradvisor.com/custom/domain_1/image_files/ckeditor/sitemgr_Winston-Salem, NC  Unemployment October 2020.png\"><img alt=\"Albany, OR Unemployment January 2021\" class=\"img-responsive center-block\" height=\"797\" src=\"https://mployeradvisor-production.s3.amazonaws.com/custom/domain_1/image_files/ckeditor/sitemgr_Albany%2C%20OR%20January%202021%20Bar%20Charts.png\" width=\"3242\" /></a></div>

<p>For key employment segments of the market, total jobs declined by -2.5%. Key sectors include:</p>

<ul class=\"list-unstyled\">
	<li><i class=\"fa fa-check-circle\"></i> Transportation &amp; Utilities: 10,900; -700</li>
	<li><i class=\"fa fa-check-circle\"></i> Manufacturing: 7,600; -100</li>
	<li><i class=\"fa fa-check-circle\"></i> Education &amp; Healthcare: 6,500; no change</li>
	<li><i class=\"fa fa-check-circle\"></i> Government: 6,000; -100</li>
	<li><i class=\"fa fa-check-circle\"></i> Construction, Mining: 3,200; -100</li>
	<li><i class=\"fa fa-check-circle\"></i> Business Services: 3,000; no change</li>
	<li><i class=\"fa fa-check-circle\"></i> Restaurants &amp; Hotels: 3,000; no change</li>
	<li><i class=\"fa fa-check-circle\"></i> Other Jobs: 1,400; no change</li>
	<li><i class=\"fa fa-check-circle\"></i> Financial Services: 1,300; -100</li>
	<li><i class=\"fa fa-check-circle\"></i> IT &amp; Development: 400; no change</li>
</ul>

<div class=\"blog-chart\">
<div class=\"heading logo h-3\">Employment Change by Key Sector</div>
<a class=\"fancybox\" href=\"https://mployeradvisor.com/custom/domain_1/image_files/ckeditor/sitemgr_Winston-Salem, NC Unemployment by Industry October 2020.png\"><img alt=\"Albany, OR Unemployment by Industry January 2021\" class=\"img-responsive center-block\" height=\"1109\" src=\"https://mployeradvisor-production.s3.amazonaws.com/custom/domain_1/image_files/ckeditor/sitemgr_Albany%2C%20OR%20January%202021%20Bubble%20Charts.png\" width=\"2566\" /> </a></div>

<p><i>Data is based on the most recent 12 months available, through January 2021 (Data published March 2021 and reports created on March 25, 2021).&nbsp; Source: Government data agency and locally acquired statistics.</i></p>

<p><i>Note: All reported data is not seasonally adjusted.</i></p>
</div>


Employment Snapshot - Albany, OR January-2021

Posts in Albany, OR

Employment Snapshot - Albany, OR February-2021

Employment Snapshot - Albany, OR January-2021