LotsCap

Economy Profile

Jackson County

  • Alabama State
  • October, 2024
TSAC-CFD-01071

Table of Content

Snapshot

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GDP (2022, Thousands)
$ 1815410
AVG Real Growth (2017-2022)
-0.2 %
Unemployment Rate (May, 2024)
3.2 %
Labor Force Size
23811
Number of Businesses
1178
Average Annual Wage
$ 47815

Economy Structure

Population & Household section gives reader an outlook. of general population profile, structure, and outlook.

GDP

GDP (2022, Thousands)
$ 1815410
GDP Per Capita
$ 34502
GDP Growth Rate (2022)
-2.4 %
Average Growth Rate (2017-2022)
-0.2 %
Goods Producing Contribution (%)
40%
Service Providing Contribution (%)
45%
Goverment Contribution
14.9%
GDP Historical Growth Rate
Source: Bureau of Economic Analysis | CAGDP2, CAGDP11
GDP by Sectors
Source: Bureau of Economic Analysis | CAGDP2, CAGDP11
GDP Growth by Sectors
Source: Bureau of Economic Analysis | CAGDP11

Monthly Employment

Total Labor Force
23811
Labor Force Growth
0.49%
Unemployment
757
Unemployment Rate
3.2%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
60.3%
Employment Rate (with Bachelor's Degree)
77.6%
Employment Rate (75+ y.o.)
5.5%
Employment Rate (Black)
40.1%
Employment Rate (Female)
52.1%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
1178
Number of Employment
15461
Annual Average Wages
$ 47815
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 56792
Service-providing (avg pay)
$ 40310
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 46748
Household Income (Median)
$ 65829
Per Capita Income
$ 27695
Per Capita Income Growth (2010-2022)
46.5 %
Gini Index
0.4574*
Poverty Rate
18.6 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov