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Old 07-23-2020, 01:57 PM
Status: "I'm already tired of winter." (set 29 days ago)
 
7,761 posts, read 3,578,866 times
Reputation: 23574

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The Brookings Institute offers statistics on how respective metros are faring in their recoveries from COVID-19. Birmingham is doing well overall compared to what they categorize as other Very Large Metros.

That is, as long as you consider "well" to be a relative term. Perhaps "Less Worse" is the more accurate way to put it. Data that didn't make it to the report? Birmingham metro's unemployment rate dropped in June to 7.5%.

Just scanning the numbers, I don't know how people in Las Vegas are making it.



https://www.brookings.edu/interactiv...ecovery-index/

Last edited by MinivanDriver; 07-23-2020 at 03:10 PM..
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Old 07-23-2020, 03:58 PM
 
Location: Birmingham
501 posts, read 677,422 times
Reputation: 172
Quote:
Originally Posted by MinivanDriver View Post
The Brookings Institute offers statistics on how respective metros are faring in their recoveries from COVID-19. Birmingham is doing well overall compared to what they categorize as other Very Large Metros.

That is, as long as you consider "well" to be a relative term. Perhaps "Less Worse" is the more accurate way to put it. Data that didn't make it to the report? Birmingham metro's unemployment rate dropped in June to 7.5%.

Just scanning the numbers, I don't know how people in Las Vegas are making it.



https://www.brookings.edu/interactiv...ecovery-index/
Thanks for posting this, as this is very informative and exciting about the resilience of our market, and state for that matter. Still, we have a long way to go.
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Old 07-23-2020, 04:50 PM
Status: "I'm already tired of winter." (set 29 days ago)
 
7,761 posts, read 3,578,866 times
Reputation: 23574
Quote:
Originally Posted by bhamguy View Post
Thanks for posting this, as this is very informative and exciting about the resilience of our market, and state for that matter. Still, we have a long way to go.

Absolutely. It's not intended to be sunshine pumping. There is lots of work to be done. However, one of the hallmarks of past downturns is that Birmingham was always the market to take it on the chin, just like we did during the late 70s and the mortgage meltdown. So it's nice to see a little resiliency, comparatively speaking.
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Old 07-29-2020, 03:12 PM
Status: "I'm already tired of winter." (set 29 days ago)
 
7,761 posts, read 3,578,866 times
Reputation: 23574
And Birmingham has just been named Best Business Climate among mid-sized metros by Site Selection Magazine. https://www.al.com/business/2020/07/...s-climate.html
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