ALABAMA ECONOMY IMPROVES The state’s economy is now expected to grow 2.5 percent this year, up from an earlier forecast of 2.3 percent. The University of Alabama Center for Business and Economic Research in the
Alabama’s gross domestic product should increase by about $190 billion.
Culverhouse College of Commerce said the state’s gross domestic product should increase by about $190 billion. The employment picture is improving with an increase of 28,600 jobs from March 2014 to March 2015. The services sector, which includes professional and business services (8,400 jobs), leisure and hospitality (6,700 jobs)
and educational and health services (5,700 jobs) gained 27,300 of the jobs. There were gains in the public sector as well. The state added 600 jobs and local government entities gained 550 jobs. The federal government, however, had a decline of 200 jobs.
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Summer 2015 Montgomery Business Journal
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