Overall unemployment rate moved down to 2.2% with the biggest shift in Transportation & Utilities, which gained 1,500 roles, based on the most recently available information published in January 2022.
Total employment in the Birmingham-Hoover, AL market declined by 3,015 jobs in November and the unemployment rate decreased compared to the prior month by 20 bps to 2.2%. The national unemployment rate decreased by 4 bps over the same time to 3.4%.
- Birmingham-Hoover, AL unemployment rate is 116 bps below the national rate which is a positive sign.
- Unemployment in the market is 20 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in November versus prior month by 5.3% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs stayed flat. Key sectors include:
- Transportation & Utilities: 115,400; +1,500
- Government: 88,700; +700
- Education & Healthcare: 78,400; -100
- Business Services: 70,900; -1,300
- Restaurants & Hotels: 48,000; -300
- Financial Services: 43,600; -400
- Manufacturing: 39,800; -100
- Construction, Mining: 34,100; no change
- Other Jobs: 31,900; no change
Data is based on the most recent 12 months available, through November 2022 (Data published January 2022 and reports created on January 3, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.