Unemployment decreased 0.8 percent in Alabama in 2012 according to a December 21, 2012, announcement by Governor Robert Bentley. The large drop from October 2012 to November 2012 in unemployment was attributed to retail trade employment. One would expect an increase in unemployment in Alabama in January 2013 when retailers are done with temporary holiday help.
Increased taxation, Obamacare, the refusal of Alabama government to adopt Obamacare, and the unknown future do not bode well for a great improvement in employment in Alabama in 2013. Fears of the unknown future are claimed to be the cause of tight money in Alabama. Alabama banks have money to lend and businesses have the capital to expand but neither is willing to face a potential loss at this time.
One sector that may be impacted the most adversely in Alabama due to jumping off the fiscal cliff is health care research and development and all research and development at ALABAMA Universities and Southern Research. The drop in NIH, NSF, and NASA funding for research is projected to unemploy scientists in Alabama.
Governor Robert Bentley and automotive supplier RAPA (Rausch & Pausch LP) announced the company’s plans to locate a U. S. headquarters and production facility in Auburn on Dec. 18, 2012. The plant will employ 105 people when completed.
The accompanying charts were developed from daily data collected from Indeed.com and show the minimal trend of improvement in availability of jobs in Alabama and Birmingham during 2012 and December of 2012.