LotsCap

Economy Profile

Clay County

  • Alabama State
  • October, 2024
TSAC-CFD-01027

Table of Content

Snapshot

-

GDP (2022, Thousands)
$ 519697
AVG Real Growth (2017-2022)
2.38 %
Unemployment Rate (May, 2024)
3 %
Labor Force Size
5975
Number of Businesses
247
Average Annual Wage
$ 42438

Economy Structure

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

GDP

GDP (2022, Thousands)
$ 519697
GDP Per Capita
$ 36575
GDP Growth Rate (2022)
0.2 %
Average Growth Rate (2017-2022)
2.38 %
Goods Producing Contribution (%)
54.1%
Service Providing Contribution (%)
32.7%
Goverment Contribution
13.2%
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
5975
Labor Force Growth
0.57%
Unemployment
180
Unemployment Rate
3%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
61.5%
Employment Rate (with Bachelor's Degree)
82.1%
Employment Rate (75+ y.o.)
4.2%
Employment Rate (Black)
35.5%
Employment Rate (Female)
55.2%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
247
Number of Employment
4233
Annual Average Wages
$ 42438
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 47764
Service-providing (avg pay)
$ 34064
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 48074
Household Income (Median)
$ 69549
Per Capita Income
$ 27991
Per Capita Income Growth (2010-2022)
52.7 %
Gini Index
0.4800*
Poverty Rate
17.6 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov