Overall unemployment rate moved down to 1.9% with the biggest shift in Transportation & Utilities, which lost 1,900 roles, based on the most recently available information published in June 2022.
Total employment in the Birmingham-Hoover, AL market rose by 1,303 jobs in April and the unemployment rate decreased compared to the prior month by 40 bps to 1.9%. The national unemployment rate decreased by 42 bps over the same time to 3.3%.
- Birmingham-Hoover, AL unemployment rate is 144 bps below the national rate which is a positive sign.
- Unemployment in the market is 120 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in April versus prior month by 4.3% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.6% . Key sectors include:
- Transportation & Utilities: 112,200; -1,900
- Government: 86,500; no change
- Education & Healthcare: 75,000; +1,200
- Business Services: 71,200; +1,000
- Restaurants & Hotels: 49,300; +1,600
- Financial Services: 43,000; +600
- Manufacturing: 39,200; +200
- Construction, Mining: 31,700; +500
- Other Jobs: 31,100; no change
- IT & Development: 8,600; -100
Data is based on the most recent 12 months available, through April 2022 (Data published June 2022 and reports created on June 1, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.