Department of Numbers

Albany, Oregon Unemployment

The BLS reported that the unemployment rate for Albany fell 0.3 percentage points in March 2023 to 4.8%. For the same month, the metro unemployment rate was 0.4 percentage points higher than the Oregon rate. The unemployment rate in Albany peaked in May 2009 at 14.1% and is now 9.3 percentage points lower. From a post peak low of 3.9% in October 2019, the unemployment rate has now grown by 0.9 percentage points. You can also compare Albany unemployment with unemployment in other cities.

Unemployment Rate March 2023 Month/Month Year/Year
National 3.5% -0.1 -0.1
Oregon 4.4% -0.3 +0.9
Albany 4.8% -0.3 +0.7
Note: Metro level data is now seasonally adjusted.1 All comparisons are made with March 2023 data as April 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 5,170 fewer people unemployed in the metropolitan area. From a recent trough of 2,537 in March 2022, the number of unemployed has now grown by 401.

Unemployed Persons March 2023 Month/Month Year/Year
Albany 2,938 -201 +401

Number of Unemployed Persons

Albany, Oregon Unemployment History

Date National
Unemployment Rate
Oregon
Unemployment Rate
Albany
Unemployment Rate
Albany
Unemployed
April
2023
3.4%
March
2023
3.5% 4.4% 4.8% 2,938
February
2023
3.6% 4.7% 5.1% 3,139
January
2023
3.4% 4.8% 5.1% 3,177
December
2022
3.5% 4.8% 5.1% 3,172
November
2022
3.6% 4.8% 5.2% 3,189
October
2022
3.7% 4.8% 5.1% 3,176
September
2022
3.5% 4.6% 5.0% 3,071
August
2022
3.7% 4.3% 4.7% 2,926
July
2022
3.5% 4.1% 4.5% 2,774
June
2022
3.6% 3.9% 4.3% 2,649
May
2022
3.6% 3.7% 4.2% 2,575

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.