Alabama’s unemployment rate has once again fell, and now stands at 6%. This figure is down from 6.3% in October. The state is still slightly above the national average of 5.8%. Roughly 126,000 people remain unemployed in Alabama.
Overall, the national economy continues to grow, and unemployment continues to fall. While divided government in Washington could provide some roadblocks next year, a big budget battle was avoided this month as Congress passed a bipartisan bill to fund the government. Most economic metrics point to continued growth in 2015.
Mobile got a potential dose of good news with the White House’s decision to restore diplomatic ties with Cuba. If Congress takes the next step and kills the embargo, Mobile stands to profit handsomely due to its close proximity to the island nation. The city has one of the closest ports to Cuba. Trade, cruise ships, and much more could be coming if ties continue to deepen.