Birmingham Area Economic Report, Q1 2020
This report explores a few key statistics that paint a picture of the Birmingham area economy. Our Birmingham Area Economic Report places the Birmingham area economy in a state, regional and national context.
Click here to download the full report with a more in-depth look at the statistics.
The charts below show a snapshot of local report findings. Local data is shown from March 31, 2019 to March 31, 2020. The relative performance compared to national trends is presented using data through December 31, 2019 (rather than March 31, 2020) due to a lag in the national data. In summary, the Birmingham economy continues to improve, as evidenced by continued growth in three of the five categories below; however, the Birmingham area still lags regional peers.
Figure 1: Local Area Trend, Last Twelve Months as of March 31, 2020
Figure 2: Local versus National Trend (Relative Year-to-Year Change), as of December 31, 2019
In this report, Local Area is defined as the following for each category: Total Employment (Birmingham-Hoover MSA), Retail Sales (Avg. of City of Birmingham and Jefferson County), Occupational Tax (City of Birmingham), Electricity Sales (Birmingham-Hoover MSA), and Airline Enplanements (Birmingham Airport). See the full report for other relevant notes.