Albany sees drop in April unemployment rate
From staff reports
ATLANTA — Georgia Labor Commissioner Bruce Thompson said Thursday that Albany recorded an unemployment rate of 3.3 percent in April, down six-tenths of a percent over the month. A year ago, the rate was 3.3 percent.
“With Georgia’s economy continuing to soar, the state unemployment rates remain steady,” Thompson said in a news release. “When you consider the number of existing companies expanding throughout the state, combined with the incredible announcements of corporations moving to our state, the future continues to look very bright for the labor market.
“As we approach the summer months, we are optimistic that job growth will remain steady in virtually every sector in the state.”
The labor force decreased in Albany by 339 and ended the month with 64,644. That number went up by 102 when compared to April of 2022.
Albany finished the month with 62,516 employed residents. That number increased by 87 over the month and rose by 101 when compared to the same time a year ago.
Albany ended April with 62,900 jobs. That number remained the same from March to April and rose by 1,000 when compared to this time last year.
In April, initial unemployment claims increased by 4% in Albany. When you compare April 2023 claims to April 2022, claims were down by about 13%.
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