Governor Kay Ivey announced today that Alabama’s preliminary, seasonally adjusted March unemployment rate is 2.3%, a new record low, down from February’s rate of 2.5%. It is also below March 2022’s rate of 2.5%. March’s rate represents 53,053 unemployed people, compared to 56,166 in February and 58,074 in March 2022. The number of people counted as unemployed also sets a new record low.

“We’re almost a quarter into 2023, and we are already seeing record-breaking success when it comes to Alabama’s economy,” said Governor Ivey. “We have been enjoying a period of low unemployment, high wages and high jobs count for some time now, and I believe that even greater economic achievements are on their way. We will not back down on our commitment to continue bringing quality, high-paying jobs to Alabama.”