Wade on Birmingham

Unemployment jumps 95 percent in Birmingham in 12 months

By

Not hiring

The last time Alabama’s unemployment rate was this high was more than 25 years ago. With 226,790 unemployed workers, the state’s jobless rate hit 10.9 percent in October, a slight increase from 10.7 percent the month before.

But the news is far worse in Birmingham. In October 2008, 26,000 people in the Birmingham-Hoover metro area were out of work. This October, more than 50,000 were unemployed, a 95 percent increase from year to year.

It could be worse. No, really: One economist at Regions Bank says Alabama’s unemployment rate could hit 12 percent by spring.


Photo by editor / CC BY 2.0

3 Yips for “Unemployment jumps 95 percent in Birmingham in 12 months”

  1. Tweets that mention Wade on Birmingham » Unemployment jumps 95 percent in Birmingham in 12 months -- Topsy.com
    Tuesday, December 15, 2009, 2:30 pm
    1

    […] This post was mentioned on Twitter by Spud Roberts, Frank Cook. Frank Cook said: Wade on Birmingham » Unemployment jumps 95 percent in Birmingham … http://bit.ly/7dy4ne […]

  2. Wade on Birmingham » Who pays low taxes in Alabama?
    Wednesday, December 16, 2009, 8:00 am
    2

    […] Unemployment jumps 95 percent in Birmingham in 12 months […]

  3. Christmas Music, Bama Connections - Urbanham Faith
    Wednesday, December 23, 2009, 6:13 am
    3

    […] light of the depressing statistics on unemployment especially in the Birmingham-Hoover metropolitan area and the gloomier forecast now surfacing over Birmnigham’s budgeting woes, we decided to […]

Leave a Yip

Subscribe without commenting