Overall unemployment rate moved up to 3.4% with the biggest shift in Restaurants & Hotels, which gained 2,400 roles, based on the most recently available information published in July 2021.
Total employment in the Birmingham-Hoover, AL market declined by 5,676 jobs in June and the unemployment rate increased compared to the prior month by 80 bps to 3.4%. The national unemployment rate increased by 60 bps over the same time to 6.1%.
- Birmingham-Hoover, AL unemployment rate is 269 bps below the national rate which is a positive sign.
- Unemployment in the market is 420 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in June versus prior month by 1.7% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.9% . Key sectors include:
- Transportation & Utilities: 106,800; +1,400
- Government: 84,600; no change
- Education & Healthcare: 74,100; no change
- Business Services: 73,300; +100
- Restaurants & Hotels: 50,100; +2,400
- Financial Services: 41,800; +500
- Manufacturing: 38,100; +400
- Construction, Mining: 30,700; -400
- Other Jobs: 29,100; +400
- IT & Development: 8,200; +200
Data is based on the most recent 12 months available, through June 2021 (Data published July 2021 and reports created on July 28, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.