Economy of Montgomery AL

According to Bureau of Labor Statistics data from October 2008, the largest sectors of non-agricultural employment were: Government, 24.3%; Trade, Transportation, and Utilities, 17.3% (including 11.0% in retail trade); Professional and Business Services, 11.9%; Manufacturing, 10.9%; Education and Health Services, 10.0% (including 8.5% in Health Care & Social Assistance); Leisure and Hospitality, 9.2%; Financial Activities, 6.0%, Natural Resources, Mining and Construction, 5.1%; Information, 1.4%; and Other services 4.0%. Unemployment for the same period was 5.7%, 2.5% higher than October 2007. The city also draws in workers from the surrounding area; Montgomery's daytime population rises 17.4% to 239,101.

As of January 2011, Montgomery's largest employers were Maxwell-Gunter Air Force Base (12,280 employees), the State of Alabama (9,500), Montgomery Public Schools (4,524), Baptist Health (4,300), Hyundai Motor Manufacturing Alabama (2,700), Alfa Insurance (2,568), the City of Montgomery (2,500), Jackson Hospital & Clinic (1,300), Rheem Water Heaters (1,147), and Regions (977).

According to Pennsylvania State University's "Living Wage Calculator", the living wage for the city is US$8.02 per hour (or $16,691 per year) for an individual and $25.80 per hour ($53,662 per year) for a family of four. These are slightly higher than the state averages of $7.45 per hour for an individual and $25.36 for a family of four