Alabama's unemployment rate drops slightly in November

Indiana’s latest employment numbers are largely positive after the Hoosier private sector added jobs in November

Indiana’s latest employment numbers are largely positive after the Hoosier private sector added jobs in November

Employment and job counts have once again reached record levels.

The preliminary November 2018 employment peak of 2,714,800 jobs is almost 26,000 more than the official record high set in December 2017.

The statewide labor force dropped from 2,226,023 in October to 2,220,114 in November, but last month's count is 58,373 higher than November 2017. Economists often view labor force growth as a sign of optimism in the economy.

Unemployment rates are decreasing across the state of Alabama. That's its highest rate since August of past year.

And November marks nine months since the unemployment rate last improved - the longest such stretch in almost six years. "It's a great time to be doing business in Alabama".

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It said private-sector employment grew by 2,800 during the month, primarily because of gains in manufacturing and in private educational and health services. These were partially offset by losses in trade, transportation and utilities and in leisure and hospitality.

"Average weekly earnings continue to increase, with workers seeing an additional $34.76 per week in their paychecks", continued Washington. This represents the second highest level in history, surpassed only by September 2018's average weekly wages of $849.89.

Manufacturing earnings rose to their highest level in history, to $1062.18 per week.

Alabama's unemployment rate dipped slightly last month.

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