News Announcements
Announcements
August 25, 2009
Porter White & Company has released its 2nd Quarter 2009 Birmingham Area Economic Report which can be found on our website at www.pwco.com. Our report discusses the following main topics summarized briefly below.
New Unemployment Measures Available in Alabama
If you were to ask someone how to define the unemployment rate, you would most likely be told that it is a measure of the percent of people who don’t have a job. It turns out that this is only partly true. The Bureau of Labor Statistics (“BLS”) actually has six alternative measures of unemployment, from the narrowly defined U-1 through the broadest measure, U-6. These different unemployment measures offer a broader view of the employment picture in Alabama. (read more...)
The Local Economy
Economic activity in the Birmingham area has taken a nosedive, according to Porter White’s Birmingham Area Economic Index, which is depicted in the graph in our newsletter on page 4. The local index mirrors the experience of the nation’s economy, depicted by the Gross Domestic Product (“GDP”) in the graph. All of the economic indicators tracked in the newsletter posted declines for the 12 months ending June 30, 2009. (read more...)
Subscribe to Email Updates
