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Saturday, November 2, 2024

Alabama lost more than 49K jobs since Feb. 2020

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Every state across the nation has seen a drop in its economy since February 2020. 

By November, the latest data reveals that a total of 17 states experienced job loss from October and the rest saw a decline in job growth, according to research by the University of New Hampshire.

In December alone, the country lost 140,000 jobs and was down almost 10 million jobs since February. 

Alabama saw a loss of 49,600 jobs between February and November, which was a 2.4 percent drop. 

Between October and November, the state grew its workforce by 6,600 jobs and had regained 0.3 percent of the labor force it had in February.

Experts say that the nation needs to tackle COVID-19 to improve the country's economic standing.

One of the hardest hit sectors is the accommodation and food services industry, which lost 19.2 percent of its workforce, or 2.8 million jobs. 

The arts, entertainment, and recreation industry lost 27.9 percent of its workforce, or 690,000 jobs as of November.

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