Industry in Mobile, AL

In the past 5 years, Mobile has been undergoing its greatest economic expansion in history. With the many local, national, and even international companies that are a part of Mobile, they have been bringing in over $9 billion to the city. This brings up its GMP to 22 Billion, and has the potential of getting as high as over 200 Billion, making Mobile one of the top 10 most prosperous cities in the entire United States.

Mobile's job growth has increased nearly 22% in the past 5 years with the projections of an additional increase of more than 32% in the next 3 years, primarily due to the part of the ThyssenKrupp steel plant and state dock expansions.

Mobile has seen is average wages increase over 30% mainly because of the Katrina Disaster, which forced employers to increase wages to remain competitive.

Thursday, November 20, 2008