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Old 01-20-2012, 08:17 AM
 
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The state has bucked the national trend three months in a row. Anyone care to hazard a guess why?

Alabama unemployment rate falls to 8.1 percent | al.com
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Old 01-20-2012, 10:55 AM
 
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Praise Obama!

/s
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Old 01-20-2012, 03:40 PM
 
Location: Birmingham
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HB56...is working?
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Old 01-20-2012, 04:41 PM
 
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Originally Posted by Tourian View Post
HB56...is working?
There are people who would argue otherwise. But I think they're wrong.
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Old 01-20-2012, 05:01 PM
 
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They are not wrong this is national trend. Cinram is still full of illegals here in Huntsville.
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Old 01-20-2012, 06:53 PM
 
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Originally Posted by mimpdaddy View Post
They are not wrong this is national trend. Cinram is still full of illegals here in Huntsville.
Fewer by the day. And Alabama's drop is at roughly 3x the national rate.
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Old 01-22-2012, 01:49 AM
 
Location: Tuscaloosa, Alabama
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I don't think it has anything to do with HB 56 or Obama, honestly. Alabama's economy has always been very dynamic and agile, these unemployment numbers easily illustrate that.
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Old 01-22-2012, 10:12 AM
 
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Originally Posted by sedriskell View Post
I don't think it has anything to do with HB 56 or Obama, honestly. Alabama's economy has always been very dynamic and agile, these unemployment numbers easily illustrate that.
How is it any different than the economies in the surrounding states, which largely have the same mix of industries yet have not had anywhere close to the same degree of robust growth? I just don't believe in coincidences.
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Old 01-23-2012, 12:56 AM
 
Location: Tuscaloosa, Alabama
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Originally Posted by cpg35223 View Post
How is it any different than the economies in the surrounding states, which largely have the same mix of industries yet have not had anywhere close to the same degree of robust growth? I just don't believe in coincidences.
Actually each state has vastly different mixes of industry. Alabama has a HUGE auto industry, different from Mississippi, Georgia, and Florida. Florida relies HEAVILY on tourism, while Alabama's tourism is just a nice supplement to our main industries. Mississippi gets a larger proportion of their revenues from agriculture than Alabama does. Tennessee also receives more revenue from tourism than Alabama. Alabama gets more revenue from hi tech industry than Mississippi.

Southeastern states have vastly different mixes of industry, tax codes, levels of urbanity, and widely varying populations. You really can't compare two states side by side and assume that they're similar in employment. Georgia and Florida have suffered greatly from foreclosures and over building in the housing industry, while Alabama's housing market is markedly more stable.

There are so many more things that go into predicting (which you can never really do) economic success.
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Old 01-23-2012, 07:02 AM
 
28,895 posts, read 54,165,927 times
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Originally Posted by sedriskell View Post
Actually each state has vastly different mixes of industry. Alabama has a HUGE auto industry, different from Mississippi, Georgia, and Florida. Florida relies HEAVILY on tourism, while Alabama's tourism is just a nice supplement to our main industries. Mississippi gets a larger proportion of their revenues from agriculture than Alabama does. Tennessee also receives more revenue from tourism than Alabama. Alabama gets more revenue from hi tech industry than Mississippi.

Southeastern states have vastly different mixes of industry, tax codes, levels of urbanity, and widely varying populations. You really can't compare two states side by side and assume that they're similar in employment. Georgia and Florida have suffered greatly from foreclosures and over building in the housing industry, while Alabama's housing market is markedly more stable.

There are so many more things that go into predicting (which you can never really do) economic success.
See, I disagree. Georgia has a substantial auto industry, too. What's more, one of Alabama's largest industries, finance, has taken a substantial hit over the past few years with more uncertainty on the way.

However, we can argue those differences all day. What we can't really dispute is the sudden plummet in the state unemployment rate versus both the national and regional figures. The drop began in October, 2011, and has been dramatic in nature. While there has been some modest hiring at Mercedes, et al, that doesn't even begin to account for the large uptick. What's more, the numbers become even more intriguing if you look at a county such as Marshall. There, unemployment has dropped even further than the state average after having months and months of moribund activity. Given that the county had a very disproportionate share of the illegals in this state, that should really be a telling statistic.
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