Alabama Unemployment Rate
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The unemployment rate measures the share of the labor force within the United States that is currently jobless. The jobless rate, as it is also called, is measured in a percentage, which means the number of unemployed labor workers is divided by the number of total workers in the entire labor force, including employed and unemployed. The “employed” category extends beyond simply full-time workers to also include workers who spend at least 15 hours working unpaid for their family and workers who are temporary or part-time. For the “unemployed”, the jobless rate factors in only those unemployed entirely, regardless of circumstance. It is important to keep an eye on the unemployment rate in each state, as well as the United States as a whole, to understand the current economy and the budgetary spending limits of each state.
Alabama Unemployment Resources
What is the unemployment rate in Alabama?
For those wondering, “What is the unemployment rate in Alabama?” the most accurate answer is 5.4 percent as of April 2017. This unemployment rate is much lower than what was measured in December 2016, when the rate was clocked at 6.2 percent. Furthermore, the unemployment rate in Alabama has seen a steady decline in the past six months, despite the fact it is higher than the rate of unemployment for the United States as a whole, which was measured at 4.4 percent in April 2017. The decline in the unemployment rate in Alabama could be attributed to a variety of factors, which include a growing state economy and an abundance of new jobs that have been introduced to the market.
Individuals in Alabama who are struggling with unemployment may be eligible for state unemployment insurance benefits. Each state varies in terms of eligibility requirements, so it is important to understand the requirements of your state before applying, as well as the specific application process for obtaining unemployment compensation in Alabama. Furthermore, keep in mind that Alabama considers part-time and temporary workers employed, so benefits may vary depending on particular circumstances.
What Is Unemployment Insurance?
Unemployment insurance is a type of government compensation that can be obtained by newly unemployed workers who require financial assistance while they purse new work opportunities. These unemployment benefits are available to eligible individuals for a pre-determined period and help them cover rent, food and other necessary expenses. To find out more about unemployment insurance and how you can start receiving government compensation today, download our guide.
Can Everyone Get Unemployment Benefits?
Unemployment insurance is only available to qualified individuals. Applicants must have an acceptable reason for being out of work, they must meet past income thresholds and more. Find out if you qualify to receive unemployment compensation by downloading our comprehensive guide here.