June Economic Snapshot of the States

Jul 25, 2017 - 4-year Public College, Annual Cost of Attendence (in-state). $17,859. $18,632. 2014 - 2015. Rent, Median Monthly Costs (includes utilities) ..... The sources used to compile the Florida Economic Snapshot can be found at: ...
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Economic Snapshot of the States President Trump has now been in office for six months. With lags in releases of economic data, a full accounting of this milestone is a few months away. However, as this economic snapshot of all 50 states shows, Trumponomics has the U.S. economy trending in a worrisome direction. •

Since President Trump took office, U.S. employers gave notifications to lay off more than 140,000 workers as companies closed plants and operations, and shipped jobs offshore. In 26 states, at least 1,000 workers have lost their jobs in mass layoffs since Trump took office.



Between January and June 2017, hourly earnings for average worker grew in just 7 states. For the country as a whole, wages are down 1.4 percent under Trump, and in the 43 states and District of Columbia where wages fell, workers now take home 1.7 cents less for each dollar they earned before Trump became president.

Although the U.S. economy overall continues its expansion from the Great Recession and associated financial crisis, the recovery can look very different from state to state, and even county to county. These economic snapshots of the states show that while some areas of the country have surged ahead, many parts of the country, rural and urban, are struggling to regain economic opportunity and dynamism. Most Americans do not measure their family’s well-being in terms of stock prices and aggregate GDP. Thus, the state-by-state snapshots track an array of metrics indicating local economic performance, families’ economic security, how well states are preparing for the economic future with investments in people’s health and learning, and the costs of living that feature regularly in kitchen table discussions.

ALABAMA ECONOMIC SNAPSHOT **Includes the most recent data available for each measure** **Last updated on July 25th**

TRUMP ECONOMY TRACKER: ALABAMA June

Late 1990s Average

All-Time Best

Total

+7,700

+1,700

+31,500

+15,700

Private Sector

+5,900

+1,600

+11,800

+13,700

4.6%

4.7%

3.8%

-1.8

-0.1%

n.a.

n.a.

-1.4%

n.a.

n.a.

n.a.

301

Job Creation

Unemployment Rate Average Wage Growth (inflation-adjusted, year-over-year) Mass Layoffs and Jobs Outsourced

Change since Jan '17

(Based on WARN notifications)

STATE ECONOMIC PROGRESS: ALABAMA Alabama

U.S.

Reference Period

Growth Rate, Current Quarter (annualized)

2.2%

1.9%

2016q4

Growth Rate, Past 4 Quarters

1.4%

1.8%

2015q4 - 2016q4

$21,217

$1,498,295

Jun '16 - May '17

Median Household Income

$44,500

$56,500

2015

Earnings from Annual Full-Time Work at Minimum Wage

$14,500

$14,500

2017

76%

80%

2015

Population Living in Poverty

16.3%

13.5%

2015

Children Living in Poverty

26.6%

20.7%

2015

Veterans Unemployment Rate

4.9%

4.3%

2016

Mortgages Past Due

5.9%

4.3%

2017q1

Preschool Enrollment, 3-4 year olds

41.5%

45.0%

2015

College Enrollment, 18-24 year olds

39.3%

40.0%

2015

Residential Access to Broadband

80%

90%

2014

Population Covered by Medicaid and CHIP

19%
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