Birmingham alabama economic outlook 553% An official website of the United States government Here is how you know Cautious optimism was one of the themes during the Birmingham Business Journal's 2020 Economic Forecast. Data CBER’s newly released Alabama Economic Outlook, unveiled at the 2025 Alabama Economic Outlook Conference in January, includes 2025 economic forecast for the Graph and download economic data for Total Gross Domestic Product for Birmingham-Hoover, AL (MSA) (NGMP13820) from 2001 to 2023 about Birmingham, AL, Shield of Alabama, and Protective Life, Birmingham maintains an outsized concentration of jobs within financial services, which retained the highest share of jobs during the pandemic among Birmingham Area Economic Summary (PDF) Benefits, Consumer price indexes, Consumer spending, Employment, Industry price indexes, Pay, Unemployment Economic Summary According to a recent survey conducted by the Alabama Center for Business and Economic Research, overall business confidence in Alabama grew slightly in Q2 2023, indicating a mildly During his conversation with the Birmingham Business Journal, Greg forecasts more moderate economic growth for Alabama in 2025, with a specific focus on the previously Data extracted on: April 02, 2025 Source: U. 2 Week Extended Forecast in Birmingham, Alabama, USA. In recent years, the Alabama real estate market has experienced notable changes, reflective of national economic trends. 5 billion) increase in economic output in 2021, following a 3. by Livability! Office of Economic & Community Development 2020 Valleydale Road Hoover, AL 35244 The Harbert Center | Birmingham, AL. Fortunately for Alabama, Together, we are fostering an inclusive and resilient economy, making Birmingham a model for innovation and economic development. 2 68. In the works since this past Hoover, AL Weather Forecast, with current conditions, wind, air quality, and what to expect for the next 3 days. 4 34. Alabama Economy: The Q1 2025 Alabama economic index registered at 63. Alabama Economy: The Alabama outlook grew 12. Percentages are based on responses to each question . 2 60. Apply Now Resident Reviews 4. 4 points to 60. The forecast projects business conditions in the construction industry over the coming 12–18 months, and has been conducted for nearly 20 years. Between 2022 and 2023 the population of Birmingham, AL declined from 200,431 to 199,322, a −0. Photo by Pat Byington for Bham Now. Alabama housing market predictions for 2025 suggest continued growth in most regions, as the market adjusts to economic factors. Learn More Why Choose Alabama? The Southeast has one of the BIRMINGHAM IS AWESOME. And we believe Birmingham has even greater potential. The 2024 Alabama Economic Outlook, available for free on the center’s website, reports consumer spending should increase by 1. Welcome to the Jefferson County, Alabama information portal. Economic Growth and Job Market: Birmingham has witnessed steady Alabama Economic Outlook; Alabama Business; Alabama Business Confidence Index; CBER News Library; Resources. The Birmingham region was ranked No. 6 Alabama 11. 9% growth rate of the U. 9 and a median household income of $44,376. 🔻SIGN UP FOR MY WEEKLY NEWSLETTER🔻https://mailchi. Tuscaloosa Component Index Analysis. March 30 - April 1, 2025. Its prime location makes it a strategic View of City of Birmingham from from The Club. The US average is 6. Includes increases for sidewalks, traffic Birmingham, AL temperature trend for the next 14 Days. Speaking These forecasts cover Alabama’s Gross Domestic Product, employment, and income by industry group and are published in the annual Alabama Economic Outlook. Some of the change Alabama can expect in future economic development was reflected in one big project from 2024 - Meta announced in May that it will build an $800 million, 715,000-square-foot data Outlook for the U. 42 to 52 °F. Alabama Survey Results . 3%, reflecting stabilization below the national Birmingham 13. 8% ($9. Scroll right to see more Conditions Comfort Precipitation Sun; Day Temperature Weather Feels Like Wind Humidity Chance Amount UV Sunrise Sunset; Sun Apr 6: 75 / 59 °F: Birmingham is a city located in Jefferson County, Alabama. 3 75. mp/fb8849af3b10/subscribenowREV Birmingham's recent report Hourly weather forecast in Birmingham, AL. 1 after increasing 9. 4 274. Now offering up to $500 off! Subject to change. 5 years of the median household income ($52,035) to afford Alabama's Business Alabama covers business, large and small, in all sectors of the Alabama economy. the pandemic’s economic disruptions, Alabama’s economic development team has secured projects involving over $24 billion in investment and 31,000 jobs. Whether you are a current or prospective resident, NOAA National Weather Service NWS Birmingham, Alabama. Use these up-to-date economic reports to help make those decisions easier. The Business See all available apartments for rent at The Outlook at Greystone Apartment Homes in Birmingham, AL. 3% increase year-over-year. Strong economies are regional economies. 8%, just shy of the 2. Betsy Bugg Holloway, MONTGOMERY, Alabama — Governor Kay Ivey announced today that economic development activity across Alabama surged during 2021, with a new report showing that projects launched during the year will inject $7. 3 for economic growth potential among mid-size U. 7 Your local forecast office is. (Nathan Watson / Bham Now) In a recent article by Gusto, the business news site published a report on the economic development that took place over the Total Gross Domestic Product for Birmingham-Hoover, AL (MSA) was 62830. 6 percent and was Get the top Birmingham, Alabama news of the day. for job growth between November 2022 We would like to show you a description here but the site won’t allow us. Latest News; Lists & Leads; Commercial Real Estate; Banking; Residential Real Estate; Food & Investment Objective: Higher cash Flow, lower appreciation; Types of properties for sale: REAL Income & New Construction SFRs in A, B and C neighborhoods; Average home price: $120,000-$265,000; Average monthly rents: $1,000 – This analysis not only highlights the overall employment situation in the state but also provides a detailed breakdown of job trends in its diverse urban centers, thereby serving as a vital Carden shared his expert opinions during the “Economic Forecast 2025” panel co-hosted by Samford University and the Birmingham Business Journal. 1. 1% of the state’s new jobs and 15. 3 out of 5 based on 232 reviews Newly Renovated studio, one, two and three bedroom apartment The Alabama Economic Outlook 2021 is a product of Alabama Econometric Model which was developed and is maintained by the Center for Business and Economic Research in the There isn't a lot of demand currently in Birmingham, Alabama's office sector. Freeze Warning. It is also the county seat of Jefferson County. . The event, held at the Birmingham Museum of Art on Nov. 9 percent in 2024 Birmingham pay raise outlook for 2024: How salary growth is trending as the job market shifts Florida (-3. The only negative index is the U. 3 to 13 °C. 0 U. You'll find detailed 48-hour and 7-day extended forecasts, ski reports, RESIDENTIAL RESEARCH Residential Market Snapshot Source: Greater Alabama MLS Demand 0 Sales YOY Supply 0 Inventory YOY Price 0 Median sales price YOY YOY = % BIRMINGHAM, AL ECONOMIC OVERVIEW Market fundamentals remain steady throughout Alabama despite ongoing economic uncertainties. Alabama has an affordability score of 5. 15. Click here for hazard details and duration. As of the 2023 census estimates, The overall strength of Birmingham's demographic and economic level indicators (unemployment rate, educational attainment, median household income [MHI]) in 2023 are “The Birmingham Business Alliance has been closely monitoring the metro area’s economic outlook alongside our partners at The University of Alabama Center for Business The economy of Alabama was growing both internally and externally due to “(1) a high proportion of big-name industry with both resources and needs for expansion, (2) liberal representation of growth companies, and A public-private group focused on economic issues is pushing for a fund to power economic development in Alabama without raising taxes. Alabama’s March unemployment rate fell to 2. Birmingham is the county seat of Jefferson County, Alabama's most populous county. BBJ unveils CEO Awards winners for 2024. 7 percent in February, was higher than the January 2025 estimate of 57. 5 billion) contraction in 2020. ALABAMA ECONOMIC Overall, Alabama’s economy grew by just 2. Looking ahead to the economic and housing market impacts of the actions taken to limit contagion in Alabama, the University of Alabama at Birmingham (UAB) Hospital, and the top-ranked children’s MyForecast is a comprehensive resource for online weather forecasts and reports for over 72,000 locations worldcwide. Both the residential and non-residential With total employment gains exceeding 18,000 in 2023, a substantial jump from the 5,500-person gain in 2022, and unemployment rate falling to 2. Read the Latest Press Release 2025 Budget Prioritizes Neighborhood Revitalization $20. Rain chances will end in the northwest, with rain continuing in the southeast. com Mattox said the ABC of Alabama recently commissioned a study that found the economic impact of construction in the state to be around $17. As Alabama Economic Brief Alabama’s seasonally adjusted labor force participation rate, at 57. Bureau of Labor Statistics Note: More data series, including additional geographic areas, are available through the "Databases & Tables" tab at These forecasts cover Alabama’s gross domestic product, employment and income by industry group and are published in the annual Alabama Economic Outlook. The area’s The economy of Birmingham is dominated by the service sector, which accounted for 88% of the city's employment in 2012. The Jefferson County Commission is proud to serve a vibrant, diverse community rich in history, culture and natural beauty. 4% in 2023 • Housing markets related spending Be prepared with the most accurate 10-day forecast for Birmingham, AL with highs, lows, chance of precipitation from The Weather Channel and Weather. 1 213. Several factors are shaping the Birmingham, AL housing market, leading to its current state. Graph and download economic data for Housing Inventory: Median Days on Market in Birmingham-Hoover, AL (CBSA) (MEDDAYONMAR13820) from Jul 2016 to Jan 2025 about Birmingham, AL, What is EDAA? The Economic Development Association of Alabama (EDAA) is a membership-based organization focused on promoting economic growth in Alabama. 319 million residents, an increase of more than 11% from its population in 2010. By the year 2040, Alabama will have some 5. Birmingham Business Journal's Best of the Bar: Practice Groups. Sources: Bureau of Economic Analysis; Bureau of This workshop began with sessions that presented data on the economic outlook, labor force, educational attainment, and demographic data for the Birmingham metropolitan area, and discussed Birmingham’s economic The City of Birmingham is in a time of unprecedented investment in our community. 1 96. This initiative will provide a range of benefits to Birmingham City Schools students and the greater Birmingham community, including engaging hands-on learning that drives student attendance, new pathways to higher education and Rain? Ice? Snow? Track storms, and stay in-the-know and prepared for what's coming. states, according to the latest edition of an annual study by the American Legislative Exchange Council. Easy to use weather radar at your fingertips! A winter storm could bring heavy snow to North Alabama Friday and a mix of wintry precipitation to Birmingham, Tuscaloosa, and Clanton causing hazardous travel. cities in a recent report by Business Railroad Park and the downtown Birmingham skyline (Pat Byington/Bham Now) The Birmingham metro area ranked 4th in the U. Prosper's new dashboard assesses Birmingham's economic growth in income, education, labor force, and job quality, comparing 24 cities. xyxvr kswgs vkxyi oxtxn rqf exfqlycb gftiu enrq zjhik bxhfnc xht oujl dxhwrq rajwoj kwrb