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January 26, 2006
Sweet Jobs, Alabama
I recently posted on the virtues of Birmingham and its recent "secret" renaissance. BusinessWeek’s Michael Mandel has discovered the economic vitality of Alabama as a whole.
Alabama’s unemployment rate is at a record level, driven in part by robust foreign automakers and their suppliers. Additionally, Mandel quotes economist Carl Ferguson at the University of Alabama: "The cultural and social amenities that white collar workers and executives expect, you can find here now."
That's not just hometown boosterism; Ferguson's opinion has strong basis in fact.
The Alabama jokes just don’t hold much water anymore.
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