Albany, Oregon Unemployment
The BLS reported that the unemployment rate for Albany fell 0.2 percentage points in May 2023 to 4.2%. For the same month, the metro unemployment rate was 0.5 percentage points higher than the Oregon rate. The unemployment rate in Albany peaked in May 2009 at 14.1% and is now 9.9 percentage points lower. From a post peak low of 3.9% in October 2019, the unemployment rate has now grown by 0.3 percentage points. You can also compare Albany unemployment with unemployment in other cities.
| Unemployment Rate | May 2023 | Month/Month | Year/Year |
|---|---|---|---|
| National | 3.7% | +0.3 | +0.1 |
| Oregon | 3.7% | -0.3 | 0.0 |
| Albany | 4.2% | -0.2 | 0.0 |
Unemployment Rate: Albany, Oregon, National
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 5,546 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 25.
| Unemployed Persons | May 2023 | Month/Month | Year/Year |
|---|---|---|---|
| Albany | 2,562 | -125 | -13 |
Number of Unemployed Persons
Albany, Oregon Unemployment History
| Date | National Unemployment Rate |
Oregon Unemployment Rate |
Albany Unemployment Rate |
Albany Unemployed |
|---|---|---|---|---|
| June 2023 |
3.6% | — | — | — |
| May 2023 |
3.7% | 3.7% | 4.2% | 2,562 |
| 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 |
| 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 |
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. ↩
Department of Numbers
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