Economy of Alabama

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The state of Alabama has invested in aerospace, education, health care, banking, and various heavy industries, including automobile manufacturing, mineral extraction, steel production and fabrication. By 2006, crop and animal production in Alabama was valued at $1.5 billion. In contrast to the primarily agricultural economy of the previous century, this was only about 1% of the state's gross domestic product. The number of private farms has declined at a steady rate since the 1960s, as land has been sold to developers, timber companies, and large farming conglomerates.^[1]

Non-agricultural employment in 2008 was 121,800 in management occupations; 71,750 in business and financial operations; 36,790 in computer-related and mathematical occupation; 44,200 in architecture and engineering; 12,410 in life, physical, and social sciences; 32,260 in community and social services; 12,770 in legal occupations; 116,250 in education, training, and library services; 27,840 in art, design and media occupations; 121,110 in healthcare; 44,750 in fire fighting, law enforcement, and security; 154,040 in food preparation and serving; 76,650 in building and grounds cleaning and maintenance; 53,230 in personal care and services; 244,510 in sales; 338,760 in office and administration support; 20,510 in farming, fishing, and forestry; 120,155 in construction and mining, gas, and oil extraction; 106,280 in installation, maintenance, and repair; 224,110 in production; and 167,160 in transportation and material moving.^[2]

According to the U.S. Bureau of Economic Analysis, the 2008 total gross state product was $170 billion, or $29,411 per capita. Alabama's 2012 GDP increased 1.2% from the previous year. The single largest increase came in the area of information.^[3] In 2010, per capita income for the state was $22,984.^[4]

The state's seasonally adjusted unemployment rate was 5.8% in April 2015.^[5] This compared to a nationwide seasonally adjusted rate of 5.4%.^[6]

Alabama has no state minimum wage and uses the federal minimum wage of $7.25. In February 2016, the state passed legislation that prevents Alabama municipalities from raising the minimum wage in their locality. The legislation voids a Birmingham city ordinance that was to raise the city's minimum wage to $10.10.^[7]

As of 2018^[update], Alabama has the sixth highest poverty rate among states in the U.S.^[8] In 2017, United Nations Special Rapporteur Philip Alston toured parts of rural Alabama and observed environmental conditions that he said were poorer than anywhere he had seen in the developed world.^[9]