News Announcements
Porter, White & Company Releases 1st Quarter 2009 Birmingham Area Economic Report
Announcements
May 27, 2009
Announcements
May 27, 2009
Porter White & Company has released its 1st Quarter 2009 Birmingham Area Economic Report which can be found on our website at www.pwco.com. Our report discusses the following main topics summarized briefly below.
Recession Continues to Hit Home
The local economy continues to suffer in this recession. Local and regional unemployment rates reported in Porter White's quarterly economic newsletter doubled between March 2008 and March 2009. The housing market continues its slide; units sold and units started posted double-digit declines during the same time period. The Birmingham Area Economic Index continued to decline along with the nation's Gross Domestic Product. (read more...)
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