Overall unemployment rate moved down to 1.6% with the biggest shift in Restaurants & Hotels, which gained 900 roles, based on the most recently available information published in June 2023.
Total employment in the Birmingham-Hoover, AL market rose by 1,684 jobs in April and the unemployment rate decreased compared to the prior month by 20 bps to 1.6%. The national unemployment rate decreased by 53 bps over the same time to 3.1%.
- Birmingham-Hoover, AL unemployment rate is 150 bps below the national rate which is a positive sign.
- Unemployment in the market is 30 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 7.2% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.3% . Key sectors include:
- Transportation & Utilities: 113,700; -400
- Government: 89,400; +200
- Business Services: 76,100; +700
- Education & Healthcare: 74,400; +100
- Restaurants & Hotels: 48,800; +900
- Financial Services: 44,400; +600
- Manufacturing: 38,700; -100
- Construction, Mining: 32,200; -200
- Other Jobs: 31,900; no change
- IT & Development: 9,300; no change
Data is based on the most recent 12 months available, through April 2023 (Data published June 2023 and reports created on June 8,2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.