Alabama Metropolitan Areas Nonfarm Employment Total Alabama July 2013 1,892,100 Change from July 2012 Number Percent 19,300 1.0 The recovery began Anniston‐Oxford 47,000 ‐200 ‐0.4 (Thousands)
to strengthen across Auburn‐Opelika 55,700 1,000 1.8 2,015
Alabama’s 11 Birmingham‐Hoover 502,000 1,400 0.3 Decatur 54,400 900 1.7 metropolitan areas 1,960
Dothan 56,800 900 1.6 during 2012. While 1,905
Florence‐Muscle Shoals 55,400 1,100 2.0 only 400 metro jobs Gadsden 36,400 600 1.7 were added between 1,850
Huntsville 208,600 100 0.1 2002
2007
2012
October 2011 and 173,200 1,200 0.7 Mobile Source: U.S. Bureau of Labor Statistics.
October 2012, Montgomery 167,700 1,600 1.0 employment in most areas was increasing or flat Tuscaloosa 97,200 3,200 3.4 during the 12 months. Declines in Auburn‐Opelika Net Jobs in Metropolitan Areas 11,800 and Tuscaloosa’s sizeable state and local government Net Jobs in Nonmetro Counties 7,500
sectors accounted for most of the job losses. How‐
Note: Nonfarm employment (jobs) is by place of work. July data is preliminary and ever, the state’s metro areas still need to add around not seasonally adjusted. 97,700 jobs to boost employment back to the Source: Alabama Department of Labor. October 2007 prerecession level of 1,535,100. Manufacturing New and expanding industry announcements picked up in most areas during 2012, with July Change from Percent of
2013 July 2012 Area Jobs
manufacturing projects concentrated in the Alabama 249,300 5,400 13.2
automotive, aerospace, shipbuilding, and primary and Anniston‐Oxford 5,700 0 12.1
fabricated metals industries. Diversification was a Auburn‐Opelika 5,500 ‐100 9.9
focus and metros added jobs in fields including Birmingham‐Hoover 38,600 1,500 7.7
information technology, biotechnology, healthcare, Decatur 11,900 0 21.9
professional and scientific services, and warehousing Dothan 4,500 ‐300 7.9
and logistics. Retail development activity increased as Florence‐Muscle Shoals 9,300 700 16.8
household income improved. Gadsden 5,000 0 13.7
Alabama’s metro areas provide an ample Huntsville 21,600 ‐800 10.4
workforce for new and expanding businesses. Using Mobile 18,800 800 10.9
underemployment estimates from a 2011 survey by 18,000 200 10.7
Montgomery the Center for Business and Economic Research and Tuscaloosa 13,300 200 13.7
October 2012 employment data, the available labor Source: Alabama Department of Labor. pool of unemployed and underemployed metro residents was around 474,000. Partnerships Services between the business community and Change from July 2012 secondary and higher education institutions July Total Professional Educational Leisure and are key to ensuring that this potential 2013 Services and Business and Health Hospitality workforce has the skills area employers Alabama 706,700 15,000 3,500 1,900 9,500 need. Anniston‐Oxford 18,000 1,000 400 300 200 July 2013 Employment Update: Over Auburn‐Opelika 19,300 1,400 900 0 400 the nine months since Outlook 2013 was Birmingham‐Hoover 201,100 1,900 800 900 400 written, the state’s metro areas have re‐
200 Decatur 18,100 700 500 0 emerged as the primary job creators, adding Dothan 21,200 400 300 ‐100 100 11,800 nonfarm jobs between July 2012 and Florence‐Muscle Shoals 20,100 500 ‐200 300 300 July 2013. However, cutbacks in federal Gadsden 16,900 500 500 ‐100 0 spending have negatively impacted Huntsville 92,500 800 ‐300 500 600 employment in Anniston‐Oxford and Mobile 70,900 600 ‐200 100 900 Huntsville. All metros added services jobs Montgomery 63,100 1,400 700 300 400 during the 12 months ending in July 2013. Tuscaloosa 29.900 1,200 200 400 500 Alabama Nonfarm Employment
Source: Alabama Department of Labor. Alabama Economic Outlook 2013, Center for Business and Economic Research, The University of Alabama | 1 Alabama Metropolitan Areas Labor Force Civilian Labor Force Change from July July 2012 2013 Number Percent Alabama Anniston‐Oxford Auburn‐Opelika Birmingham‐Hoover Decatur Dothan Florence‐Muscle Shoals Gadsden Huntsville Mobile Montgomery Tuscaloosa 2,171,645 52,445 69,238 532,743 72,399 63,489 69,668 45,534 211,618 187,383 170,160 104,114 ‐7,191 ‐221 467 ‐2,795 105 239 408 ‐4 ‐1,465 ‐1,113 102 2,863 ‐0.3 ‐0.4 0.7 ‐0.5 0.1 0.4 0.6 0.0 ‐0.7 ‐0.6 0.1 2.8 Source: Alabama Department of Labor. Total Employment Alabama Anniston‐Oxford Auburn‐Opelika Birmingham‐Hoover Decatur Dothan Florence‐Muscle Shoals Gadsden Huntsville Mobile Montgomery Tuscaloosa Gross Domestic Product 100%
80%
70%
Tuscaloosa, 5.1
50%
Huntsville, 12.1
Dothan, 2.7
Decatur, 2.8
10%
0%
Auburn‐
Opelika, 2.1
Gadsden, 1.5
Florence‐
Muscle Shoals, 2.4
Auburn‐Opelika
5.5
Birmingham‐Hoover
5.6
7.1
6.2
Dothan
6.1
8.1
7.9
Florence‐Muscle Shoals
6.4
Gadsden
6.4
5.6
8.0
8.1
7.0
7.5
Mobile
6.7
Montgomery
7.3
Decatur
Huntsville
6.9
Tuscaloosa
July 2013
8.6
8.2
7.8
8.8
Anniston‐Oxford
Metro Percent of State GDP, 2010
6.6
Alabama
Anniston‐
Oxford, 2.2
Source: U.S. Bureau of Economic Analysis.
7.7
United States
Birmingham‐
Hoover, 32.0
20%
1.4 0.7 2.5 1.1 2.2 2.2 2.3 1.9 0.8 1.6 1.8 4.1 Unemployment Rate Mobile, 9.2
30%
28,741 313 1,613 5,476 1,487 1,307 1,494 780 1,621 2,684 2,819 3,820 Montgomery, 8.7
60%
40%
2,028,839 48,356 65,397 502,851 67,924 59,589 65,237 42,633 199,773 173,242 158,677 96,982 Note: Total employment is by place of residence. Source: Alabama Department of Labor. Rest of state, 20.0
90%
Change from July July 2012 2013 Number Percent 9.5
8.4
8.0
July 2012
Source: Alabama Department of Labor and Bureau of Labor Statistics.
Alabama Economic Outlook 2013, Center for Business and Economic Research, The University of Alabama | 2 Housing Industry Income and Wages Per Capita Income 2011 Residential Building Permits Per Capita Income Percent Change from 2010 $41,560 34,880 31,758 29,208 40,816 32,071 34,654 32,038 31,844 40,126 32,779 36,450 34,305 4.4 3.5 3.2 3.6 4.4 2.7 3.2 3.1 2.9 3.4 4.0 2.8 3.5 United States Alabama Anniston‐Oxford Auburn‐Opelika Birmingham‐Hoover Decatur Dothan Florence‐Muscle Shoals Gadsden Huntsville Mobile Montgomery Tuscaloosa Single‐Family Change 2012 from 2011 Alabama 6,132 Anniston‐Oxford 35 Auburn‐Opelika 510 Birmingham‐Hoover 1,429 Decatur 59 Dothan 137 Florence‐Muscle Shoals 118 Gadsden 47 Huntsville 1,583 Mobile 487 Montgomery 334 Tuscaloosa 409 457 3 101 120 5 ‐30 15 20 ‐16 ‐22 78 167 Multi‐Family Change 2012 from 2011 2,567 0 56 926 0 319 174 0 312 184 64 305 1,455 0 54 713 0 319 174 0 308 ‐176 13 ‐7 Note: Data are for permit‐issuing places only. Data for 2011 and 2012 cover the period January through September. Source: U.S. Census Bureau, Building Permits Survey. Source: U.S. Bureau of Economic Analysis. Average Annual Wage 2011 All Industries Total Homes Sold Average Wage Percent of State United States Alabama Anniston‐Oxford Auburn‐Opelika Birmingham‐Hoover Decatur Dothan Florence‐Muscle Shoals Gadsden Huntsville Mobile Montgomery Tuscaloosa $45,230 39,180 35,640 37,670 41,690 37,630 34,700 34,320 33,330 49,070 39,190 39,020 38,240 115.4 100.0 91.0 96.1 106.4 96.0 88.6 87.6 85.1 125.2 100.0 99.6 97.6 Alabama Anniston‐Oxford Auburn‐Opelika Birmingham‐Hoover Decatur Dothan Florence‐Muscle Shoals Gadsden Huntsville Mobile Montgomery Tuscaloosa 2012 Percent Change from 2011 33,313 832 1,074 9,374 978 792 1,095 566 4,737 2,878 2,646 1,488 6.3 5.6 8.8 10.8 5.2 ‐11.0 9.4 7.4 11.4 4.0 13.3 ‐1.9 Source: U.S. Bureau of Labor Statistics, Division of Occupational Employment Statistics, May 2011. Note: Data for both 2011 and 2012 cover the period January through October. Source: Alabama Center for Real Estate, The University of Alabama. Median Family Income FY2012 Percent Change in FHFA House Price Index United States
Alabama
Anniston‐Oxford
Auburn‐Opelika
Birmingham‐Hoover
Decatur
Dothan
Florence‐Muscle Shoals
Gadsden
Huntsville
Mobile
Montgomery
Tuscaloosa
$65,000
$55,400
$52,200
$61,400
$62,800
$55,900
$51,900
$53,700
$47,600
$71,700
$51,900
$60,100
$56,500
Note: Chilton and Walker counties are not included in the estimate for the Birmingham‐Hoover metro and Henry County is not included in the
Dothan MSA estimate. Source: HUD Office of Economic Affairs, Economic and Market Analysis Division.
Q3 2011 to Q3 2012 Q3 2007 to Q3 2012 0.0 ‐0.5 0.0 ‐0.5 0.1 ‐1.1 ‐1.7 1.1 0.0 0.2 ‐3.5 ‐2.3 0.5 ‐15.7 ‐6.7 ‐6.8 ‐11.0 ‐8.2 ‐1.6 ‐8.9 4.4 0.8 0.0 ‐15.2 ‐10.8 0.3 United States Alabama Anniston‐Oxford Auburn‐Opelika Birmingham‐Hoover Decatur Dothan Florence‐Muscle Shoals Gadsden Huntsville Mobile Montgomery Tuscaloosa Source: Federal Housing Finance Agency. Alabama Economic Outlook 2013, Center for Business and Economic Research, The University of Alabama | 3 Population 2010 to 2011 Number Percent Change Change 7/1/2011 United States Alabama Anniston‐Oxford Auburn‐Opelika Birmingham‐Hoover Decatur Dothan Florence‐Muscle Shoals Gadsden Huntsville Mobile Montgomery Tuscaloosa 311,591,917 4,802,740 117,797 143,468 1,132,264 154,070 146,562 147,293 104,303 425,480 412,577 378,608 221,553 2,261,698 17,339 ‐629 2,684 3,196 136 657 75 ‐137 6,100 ‐539 3,405 1,814 0.7 0.4 ‐0.5 1.9 0.3 0.1 0.5 0.1 ‐0.1 1.5 ‐0.1 0.9 0.8 Source: U.S. Census Bureau. Deposits in All FDIC‐Insured Institutions (Millions of Dollars) 6/30/2012 Alabama Anniston‐Oxford Auburn‐Opelika Birmingham‐Hoover Decatur Dothan Florence‐Muscle Shoals Gadsden Huntsville Mobile Montgomery Tuscaloosa Percent Change from 6/30/2011 Percent of State 0.7 2.5 5.2 1.1 ‐1.8 0.3 2.9 ‐9.7 ‐3.3 ‐0.9 9.6 2.5 100.0 1.9 2.5 34.7 2.2 3.3 2.7 1.2 7.8 7.1 9.3 3.7 84,785 1,647 2,105 29,406 1,847 2,800 2,277 1,051 6,607 5,980 7,909 3,142 Source: Federal Deposit Insurance Corporation. Available Labor Pool, October 2012 Employed Under‐ employed Unemployed Available Labor Pool Percent Underemployed Alabama Anniston‐Oxford Auburn‐Opelika Birmingham‐Hoover Decatur Dothan Florence‐Muscle Shoals Gadsden Huntsville Mobile Montgomery Tuscaloosa 2,011,638 49,670 63,094 491,124 68,812 60,377 66,054 42,048 199,055 177,069 156,719 91,506 482,391 9,785 13,174 132,201 16,590 11,926 9,303 9,558 49,411 52,908 35,336 15,338 171,200 4,415 4,556 37,243 5,587 4,923 5,185 3,913 14,219 16,884 13,679 7,702 653,591 14,200 17,730 169,444 22,177 16,849 14,488 13,471 63,630 69,792 49,015 23,040 24.0 19.7 20.9 26.9 24.1 19.8 14.1 22.7 24.8 29.9 22.5 16.8 Note: Based on October 2012 labor force data and 2011 underemployment rates.
Source: Alabama Department of Labor and Center for Business and Economic Research, The University of Alabama.
Alabama Economic Outlook 2013, Center for Business and Economic Research, The University of Alabama | 4