Birmingham Area Economic Report, Q4 2018
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 chart below shows a snapshot of findings for the last twelve months from December 31, 2017 to December 31, 2018. In summary, the Birmingham area economy continues to show consistent signs of positive growth, as evidenced by improvement in all five categories below; however, the Birmingham area continues to lag behind the national economy and comparable metropolitan areas in total employment.
Figure 1: Local Area Trend, Last Twelve Months as of December 31, 2018
Figure 2: Local versus National Trend (Relative Year-to-Year Change), as of September 30, 2018
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.