Employment Report for Birmingham, Alabama -- Annual 2005 Industry Summary
A high-wage industry in Birmingham is the finance and insurance industry with an average annual wage of $56,879. From the year 2001, the industry annual average wages have grown by 23.3 percent or $10,739. The State of Alabama has a similar economic condition in the finance and insurance sector, standing near the top of industries in terms of 2004 annual average wages.
Accommodation and food services saw the biggest increase in jobs since the year 2001 in Birmingham, with an industry growth of 9.1 percent. This is greater than the United States change in the sector jobs of 7.6 percent. The State of Alabama experienced a sector employment shift of 8.9 percent, from 2001 to 2005.
In Birmingham, Finance and insurance, Mining and Construction industries, in terms of United States location quotient, are the most dominant in the region. The Finance and insurance industry has an LQ of 1.43. This means the percent of total employment in the Finance and insurance sector is 1.43 times more than the average percent in the United States, revealing signs that Birmingham may be an exporter of products or services of Finance and insurance.
Mining has the largest employers in Birmingham MSA, with the industry averaging 41 jobs per establishment, which is greater than the US industry average of 21 and greater than the Alabama average establishment size of 27 for the Mining industry.
In Birmingham, Retail Trade, Health care and social assistance, and the Manufacturing sectors are the largest industries, in terms of total number of jobs in 2005. The Retail Trade is the largest employment industry and makes up 15.1 percent of all jobs throughout the region, totaling 62,229 employees. The Health care and social assistance and Manufacturing industries make up 13.5 and 10.4 percent of all employment.
Datasource: U.S. Department of Labor. Bureau of Labor Statistics. Quarterly Census of Employment and Wages (QCEW).
Accommodation and food services saw the biggest increase in jobs since the year 2001 in Birmingham, with an industry growth of 9.1 percent. This is greater than the United States change in the sector jobs of 7.6 percent. The State of Alabama experienced a sector employment shift of 8.9 percent, from 2001 to 2005.
In Birmingham, Finance and insurance, Mining and Construction industries, in terms of United States location quotient, are the most dominant in the region. The Finance and insurance industry has an LQ of 1.43. This means the percent of total employment in the Finance and insurance sector is 1.43 times more than the average percent in the United States, revealing signs that Birmingham may be an exporter of products or services of Finance and insurance.
Mining has the largest employers in Birmingham MSA, with the industry averaging 41 jobs per establishment, which is greater than the US industry average of 21 and greater than the Alabama average establishment size of 27 for the Mining industry.
In Birmingham, Retail Trade, Health care and social assistance, and the Manufacturing sectors are the largest industries, in terms of total number of jobs in 2005. The Retail Trade is the largest employment industry and makes up 15.1 percent of all jobs throughout the region, totaling 62,229 employees. The Health care and social assistance and Manufacturing industries make up 13.5 and 10.4 percent of all employment.
Datasource: U.S. Department of Labor. Bureau of Labor Statistics. Quarterly Census of Employment and Wages (QCEW).
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