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Economy Profile

Jefferson County

  • Alabama State
  • October, 2024
TSAC-CFD-01073

Table of Content

Snapshot

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GDP (2022, Thousands)
$ 57865866
AVG Real Growth (2017-2022)
1.76 %
Unemployment Rate (May, 2024)
3.1 %
Labor Force Size
332111
Number of Businesses
22427
Average Annual Wage
$ 69230

Economy Structure

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

GDP

GDP (2022, Thousands)
$ 57865866
GDP Per Capita
$ 86076
GDP Growth Rate (2022)
1.7 %
Average Growth Rate (2017-2022)
1.76 %
Goods Producing Contribution (%)
12.8%
Service Providing Contribution (%)
74.7%
Goverment Contribution
12.5%
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
332111
Labor Force Growth
1.47%
Unemployment
10188
Unemployment Rate
3.1%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
71.8%
Employment Rate (with Bachelor's Degree)
84.4%
Employment Rate (75+ y.o.)
7.1%
Employment Rate (Black)
55%
Employment Rate (Female)
68.4%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
22427
Number of Employment
362788
Annual Average Wages
$ 69230
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 84424
Service-providing (avg pay)
$ 66540
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 63595
Household Income (Median)
$ 93745
Per Capita Income
$ 38224
Per Capita Income Growth (2010-2022)
44.1 %
Gini Index
0.5049*
Poverty Rate
15.9 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov