State unemployment drop less impressive than it seems

According to the Bureau of Labor Statistics (BLS), the unemployment rate in Alabama was 10.2 percent in January 2011, the month Gov. Bentley took office. As you wrote, it appears to have been 5.7 percent last month. That is a significant drop in four years, and would suggest a job well done, by someone.

However, this is one of those times when the headline is better than the underlying data. (Read the full article previously published in the Montgomery Advertiser May 3rd).

The opinions expressed within this report are those of John Norris as of the initial publication of this blog. They are subject to change without notice, and do not necessarily reflect the views of Oakworth Capital Bank, its directors, shareholders, and employees. 

 

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