ETF Rolling Reserve Act Summary
Labor Market (December 2023):
2.6% seasonally adjusted unemployment rate, up slightly from the November rate
of 2.4%
о
Equal to December 2022 rate of 2.6%
Labor force participation rate increased to 57.2%
о
⚫ Higher than November rate (57.1%) and December 2022 (56.7%)
Number of those counted as employed rose to a new record high 2,264,098
о
Yearly increase of 40,194
Alabama
Economy
Unemployment rate represents 59,454 unemployed persons, compared to 55,462
in November
59,986 unemployed persons in December 2022
Ratio of unemployed persons per job opening was 0.4 (October 2023)
о
Ratio has been less than 0.5 since October 2021
Wage and salary employment increased by 300
о
Gains were seen in the trade, transportation, and utilities sector (+3,600), the
manufacturing sector (+2,800), and the financial activities sector (+1,300),
among others.
GDP (3rd Quarter): Increased by 4.1% at an annual rate
Personal Income (3rd Quarter): Increased by 3.0% at an annual rate
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