Overall unemployment rate moved up to 4.1% with the biggest shift in Government, which gained 200 roles, based on the most recently available information published in April 2023.
Total employment in the Albany, GA market rose by 6 jobs in February and the unemployment rate increased compared to the prior month by 10 bps to 4.1%. The national unemployment rate increased by 3 bps over the same time to 3.9%.
- Albany, GA unemployment rate is 21 bps above the national rate which is a negative sign.
- Unemployment in the market is 10 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in February versus prior month by 5.1% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.8% . Key sectors include:
- Transportation & Utilities: 13,500; no change
- Government: 11,400; +200
Data is based on the most recent 12 months available, through February 2023 (Data published April 2023 and reports created on April 10, 2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.