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 |
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 5,777 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. ↩
Department of Numbers
The Department of Numbers contextualizes public data so that individuals can form independent opinions on everyday social and economic matters.
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