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Alabama's economy cooled in 2011, Bureau of Economic Analysis says


Alabama's and Mississippi's economic growth both trailed the nation's in 2011, according to the U.S. Bureau of Economic Analysis.


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Register now for free, or sign in with any of these services: You are signed in as Edit Public Profile Sign Out Favorite Schoolsexpand Favorite Teamsclose Subscribe The Birmingham News The Huntsville Times Press-Register Email newsletters Text alerts Alabama Change Region function getComscorekwValue() { var empty_placeholder = 'empty_placeholder'; comscorekw=empty_placeholder; return empty_placeholder; } function getToprailMenuContext() { return '; } comments Alabama's economy cooled in 2011, Bureau of Economic Analysis says Print Ellen Mitchell By Ellen Mitchell Press-Register on June 05, 2012 at 10:58 AM, updated June 05, 2012 at 2:45 PM View/Post Comments if ( typeof image === 'undefined' ) var image = { "src": "" }; Advance.Gigya.fn.initMTGigyaShareBarTop = function() { Advance.Gigya.fn.buildGigyaShareBar({ 'div':'social_top', 'shareButtons':'twitter-tweet,facebook-like,googleplus-share,pinterest-pinit,reddit,email', 'layout':'vertical', 'showCounts':'top', 'title':'Alabama\'s economy cooled in 2011, Bureau of Economic Analysis says', 'link':'http://blog.al.com/press-register-business/2012/06/alabamas_economy_cooled_in_201.html', 'desc': 'Alabama\'s and Mississippi\'s economic growth both trailed the nation\'s in 2011, according to the U.SBureau of Economic Analysis.', 'thumbnail': image.src }); }; Advance.Gigya.fn.initMTGigyaShareBarMobile = function() { Advance.Gigya.fn.buildGigyaShareBar({ 'div':'social_mobile', 'shareButtons':'twitter-tweet,facebook-like,googleplus-share,pinterest-pinit,reddit,email', 'layout':'horizontal', 'showCounts':'right', 'title':'Alabama\'s economy cooled in 2011, Bureau of Economic Analysis says', 'link':'http://blog.al.com/press-register-business/2012/06/alabamas_economy_cooled_in_201.html', 'desc': 'Alabama\'s and Mississippi\'s economic growth both trailed the nation\'s in 2011, according to the U.SBureau of Economic Analysis.', 'thumbnail': image.src }); }; Advance.Gigya.fn.initMTGigyaShareBarBottom = function() { Advance.Gigya.fn.buildGigyaShareBar({ 'div':'social_bottom', 'shareButtons':'twitter-tweet,facebook-like,googleplus-share,pinterest-pinit,reddit,email', 'layout':'horizontal', 'showCounts':'right', 'title':'Alabama\'s economy cooled in 2011, Bureau of Economic Analysis says', 'link':'http://blog.al.com/press-register-business/2012/06/alabamas_economy_cooled_in_201.html', 'desc': 'Alabama\'s and Mississippi\'s economic growth both trailed the nation\'s in 2011, according to the U.SBureau of Economic Analysis.', 'thumbnail': image.src }); }; if ( typeof Advance.Gigya !== 'undefined' && typeof gigya !== 'undefined' ) { if (document.documentElement.clientWidth > 1024) { Advance.Gigya.fn.initMTGigyaShareBarTop(); Advance.Gigya.fn.initMTGigyaShareBarBottom(); } if ((document.documentElement.clientWidth 600)) { Advance.Gigya.fn.initMTGigyaShareBarMobile(); Advance.Gigya.fn.initMTGigyaShareBarBottom(); } } The economy shrank in Alabama and Mississippi in 2011, trailing the nation, according to the U.SBureau of Economic Analysis.The states' gross domestic product, the total of all goods and services produced, fell 0.8 percent last yearOverall U.Sreal GDP by state grew 1.5 percent in 2011, with the Southeastern region growing by 0.9 percent Alabama ranked No48, while Mississippi ranked No49Both fell 15 spots from their 2010 rankings of No33 and No34, respectfully Clifford Woodruff, an economist with the BEA, said Alabama's low GDP was due to weaknesses in several industries, particularly real estate, rental and leasing and construction, as well as agriculture, forestry, fishing and hunting, mining and utilities He said Mississippi's low ranking was due to weaknesses in agriculture, forestry, fishing and hunting and declines in government, as well as utilities and non-durable goods manufacturingSam Addy, director of the Center for Business and Economic Research at the University of Alabama, said he suspects that the large number of people leaving Alabama's labor force in 2011 played a part in the low GDPThe BEA measured the value of Alabama's economy at $150.3 billion last year, falling from $151.5 billion in 2010Scott King, director of policy and research for the Mississippi Gulf Coast Business Council, said Mississippi is typically a little behind national economic trends and historically has been one of the last states to enter and get out of a recession following a national economic downturn.  "From the Mississippi Gulf Coast's perspective, while the national recession is largely believed to have begun in December 2007, ours down here, from the standpoint of sales tax collections and establishment jobs, did not start until September 2008," King said Despite a low GDP, King said the council has seen a growth in Mississippi Gulf Coast sales tax collections in 2012 and it's also seen job growth after a slow 2011. West Virginia was tops in the region, with a 4.5 percent increase, No3 among the states, according to the BEA View/Post Comments if (pb_page_template == undefined) { var pb_page_template = 'article'; } if (pb_page_template != "index") { document.write('); } Most Read var most_read_day_range = parseInt(3); var most_read_story_count = parseInt(5) var most_read_add_query = "posts"; Active Discussions if (pb_page_template == "index") { document.write('); } else { document.write('); } Best of AL.com Entertainment: Movies, music, clubs and more What's the latest from Alabama Outdoors? 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