Department of Numbers

Albany, Oregon Unemployment

The BLS reported that the unemployment rate for Albany rose 0.1 percentage points in November 2023 to 3.9%. For the same month, the metro unemployment rate was 0.3 percentage points higher than the Oregon rate. The unemployment rate in Albany peaked in May 2009 at 14.1% and is now 10.2 percentage points lower. From a post peak low of 3.8% in August 2023, the unemployment rate has now grown by 0.1 percentage points. You can also compare Albany unemployment with unemployment in other cities.

Unemployment Rate November 2023 Month/Month Year/Year
National 3.7% -0.1 +0.1
Oregon 3.6% 0.0 -1.2
Albany 3.9% +0.1 -1.3
Note: Metro level data is now seasonally adjusted.1 All comparisons are made with November 2023 data as December metro level unemployment data has not yet been released.

Unemployment Rate: Albany, Oregon, National

Albany, Oregon monthly unemployment rate chart

Note: Recessions shown in gray.

Albany, Oregon Unemployed

The number of people unemployed in Albany peaked in April 2020 at 8,108. There are now 5,777 fewer people unemployed in the metropolitan area. From a recent trough of 2,291 in September 2023, the number of unemployed has now grown by 40.

Unemployed Persons November 2023 Month/Month Year/Year
Albany 2,331 +25 -858

Number of Unemployed Persons

Albany, Oregon Unemployment History

Date National
Unemployment Rate
Oregon
Unemployment Rate
Albany
Unemployment Rate
Albany
Unemployed
December
2023
3.7%
November
2023
3.7% 3.6% 3.9% 2,331
October
2023
3.8% 3.6% 3.8% 2,306
September
2023
3.8% 3.5% 3.8% 2,291
August
2023
3.8% 3.4% 3.8% 2,292
July
2023
3.5% 3.4% 3.9% 2,356
June
2023
3.6% 3.5% 4.0% 2,434
May
2023
3.7% 3.7% 4.2% 2,560
April
2023
3.4% 4.0% 4.4% 2,687
March
2023
3.5% 4.4% 4.8% 2,932
February
2023
3.6% 4.7% 5.1% 3,139
January
2023
3.4% 4.8% 5.1% 3,177

1. Metro area unemployment rates are now seasonally adjusted. The BLS has started publishing smoothed seasonally adjusted metropolitan area data which makes comparisons to state and national data more relevant than the unadjusted numbers.