LotsCap

Economy Profile

Pickens County

  • Alabama State
  • October, 2024
TSAC-CFD-01107

Table of Content

Snapshot

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GDP (2022, Thousands)
$ 578171
AVG Real Growth (2017-2022)
-0.34 %
Unemployment Rate (May, 2024)
4.2 %
Labor Force Size
7976
Number of Businesses
384
Average Annual Wage
$ 48820

Economy Structure

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

GDP

GDP (2022, Thousands)
$ 578171
GDP Per Capita
$ 30551
GDP Growth Rate (2022)
2.8 %
Average Growth Rate (2017-2022)
-0.34 %
Goods Producing Contribution (%)
32.1%
Service Providing Contribution (%)
48.7%
Goverment Contribution
19.1%
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
7976
Labor Force Growth
2.45%
Unemployment
332
Unemployment Rate
4.2%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
57.4%
Employment Rate (with Bachelor's Degree)
80.6%
Employment Rate (75+ y.o.)
5%
Employment Rate (Black)
43.5%
Employment Rate (Female)
44.5%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
384
Number of Employment
3733
Annual Average Wages
$ 48820
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 51400
Service-providing (avg pay)
$ 41883
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 45339
Household Income (Median)
$ 66279
Per Capita Income
$ 26912
Per Capita Income Growth (2010-2022)
65.3 %
Gini Index
0.4814*
Poverty Rate
22.3 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov