Since the COVID restart, Alabama’s economy has continued to grow at record pace. As we hear news of tech layoffs and slowdowns in some sectors, Alabama businesses are still challenged by a tight labor market while they are trying to grow their businesses.
Let’s check in with our major cities to see how low unemployment is affecting hiring difficulty, wages, and in-demand job titles.
The labor market as we know it is changing drastically. A traditional four-year college degree has become out of reach for several members of the population due to the rise in cost among other
circumstances like family responsibilities. To meet Alabama’s evolving business needs, the education system is introducing more efficient measures, such as skills-based certification options, where students earn credit for learning rather than seat time.
Download our latest whitepaper “Reshaping the Workforce” to learn more about the solution for Alabama’s labor supply problem.