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State economy

Alabama economy

Alabama's unemployment rate was 3.5% in September 2026, up from 3.4% the month before and 2.8% a year earlier. That ranks 18 of 51 (1 = lowest); the national rate was 4.1%. Employers had 2.22 million jobs on their payrolls in September 2026, a gain of 21,600 (+1.0%) from a year earlier. Home prices (FHFA index) were +3.7% from a year earlier in Q2 2026. Median household income was $68,410 in 2025.

3.5%
unemployment rate
September 2026
Unemployment rate3.5%Rank 18 of 51 (1 = lowest)
10-year range2.3–13.8%Low Dec 2022 · high Apr 2020
Nonfarm jobs2.22M+1.0% in a year · rank 10
Home prices (FHFA)+3.7%1-year change · Q2 2026 · 5-yr +44%
Median household income$68,4102025 · rank 46 of 51

Alabama: unemployment rate

Alabama unemployment rateLine chart from Jan 1, 2006 to Sep 1, 2026. Latest 3.5%; high 13.8% on Apr 1, 2020; low 2.3% on Dec 1, 2022.0.0%2.5%5.0%7.5%10.0%12.5%15.0%20082010201220142016201820202022202420263.5%High 13.8%Low 2.3%

Alabama: jobs, change from a year earlier

Alabama nonfarm jobs, 12-month changeLine chart from Jan 1, 2001 to Sep 1, 2026. Latest +1.0%; high +10.2% on Apr 1, 2021; low -11.2% on Apr 1, 2020.-15%-10%-5%0%5%10%15%20052010201520202025+1.0%High +10.2%Low -11.2%

Alabama: home prices, change from a year earlier

Alabama FHFA house price index, 12-month changeLine chart from Jan 1, 2001 to Apr 1, 2026. Latest +3.7%; high +19.4% on Apr 1, 2022; low -5.5% on Apr 1, 2010.-10%-5%0%5%10%15%20%20052010201520202025+3.7%High +19.4%Low -5.5%

Alabama: median household income

Alabama median household incomeLine chart from Jul 1, 1984 to Jul 1, 2025. Latest $68,410; high $68,410 on Jul 1, 2025; low $17,310 on Jul 1, 1984.$0$20,000$40,000$60,000$80,0001990199520002005201020152020$68,410Low $17,310

Other states

AlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareDistrict of ColumbiaFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWest VirginiaWisconsinWyoming

Sources: U.S. Bureau of Labor Statistics (unemployment, nonfarm payrolls; seasonally adjusted), Federal Housing Finance Agency (all-transactions house price index), U.S. Census Bureau (median household income, current dollars), via FRED. US unemployment rate: 4.1% (October 2026).