Overall unemployment rate moved down to 2.3% with the biggest shift in Restaurants & Hotels, which gained 800 roles, based on the most recently available information published in April 2022.
Total employment in the Birmingham-Hoover, AL market rose by 1,701 jobs in March and the unemployment rate decreased compared to the prior month by 50 bps to 2.3%. The national unemployment rate decreased by 39 bps over the same time to 3.8%.
- Birmingham-Hoover, AL unemployment rate is 145 bps below the national rate which is a positive sign.
- Unemployment in the market is 110 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in March versus prior month by 5% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.1% . Key sectors include:
- Transportation & Utilities: 113,300; no change
- Government: 86,600; +400
- Education & Healthcare: 73,400; -200
- Business Services: 69,900; -500
- Restaurants & Hotels: 47,800; +800
- Financial Services: 42,200; -600
- Manufacturing: 39,000; -100
- Construction, Mining: 31,200; +500
- Other Jobs: 31,000; +200
- IT & Development: 8,600; no change
Data is based on the most recent 12 months available, through March 2022 (Data published April 2022 and reports created on April 27, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.