Florence-Muscle Shoals, Alabama Unemployment
The BLS reported that the unemployment rate for Florence rose 0.1 percentage points in October 2023 to 2.5%. For the same month, the metro unemployment rate was 0.2 percentage points higher than the Alabama rate. The unemployment rate in Florence peaked in April 2020 at 15.3% and is now 12.8 percentage points lower. From a post peak low of 2.3% in April 2023, the unemployment rate has now grown by 0.2 percentage points. You can also compare Florence unemployment with unemployment in other cities.
| Unemployment Rate | October 2023 | Month/Month | Year/Year |
|---|---|---|---|
| National | 3.9% | +0.1 | +0.2 |
| Alabama | 2.3% | +0.1 | -0.3 |
| Florence | 2.5% | +0.1 | -0.3 |
Unemployment Rate: Florence, Alabama, National
Note: Recessions shown in gray.
Florence, Alabama Unemployed
The number of people unemployed in Florence peaked in April 2020 at 10,033. There are now 8,330 fewer people unemployed in the metropolitan area. From a recent trough of 1,550 in July 2023, the number of unemployed has now grown by 153. Florence employment and jobs data (including jobs lost/gained in Florence, Alabama) is also available.
| Unemployed Persons | October 2023 | Month/Month | Year/Year |
|---|---|---|---|
| Florence | 1,703 | +77 | -154 |
Number of Unemployed Persons
Florence, Alabama Unemployment History
| Date | National Unemployment Rate |
Alabama Unemployment Rate |
Florence Unemployment Rate |
Florence Unemployed |
|---|---|---|---|---|
| November 2023 |
3.7% | — | — | — |
| October 2023 |
3.9% | 2.3% | 2.5% | 1,703 |
| September 2023 |
3.8% | 2.2% | 2.4% | 1,626 |
| August 2023 |
3.8% | 2.1% | 2.3% | 1,569 |
| July 2023 |
3.5% | 2.1% | 2.3% | 1,550 |
| June 2023 |
3.6% | 2.2% | 2.4% | 1,596 |
| May 2023 |
3.7% | 2.2% | 2.4% | 1,597 |
| April 2023 |
3.4% | 2.2% | 2.3% | 1,565 |
| March 2023 |
3.5% | 2.3% | 2.4% | 1,584 |
| February 2023 |
3.6% | 2.5% | 2.5% | 1,679 |
| January 2023 |
3.4% | 2.6% | 2.7% | 1,771 |
| December 2022 |
3.5% | 2.6% | 2.8% | 1,848 |
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. ↩
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