Residence Adjustment in Alabama
ALEADJ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,343,914.00
Year-over-Year Change
12.60%
Date Range
1/1/1998 - 1/1/2025
Summary
The Residence Adjustment in Alabama tracks changes in the number of residents in the state, which is a key metric for economic planning and policy decisions.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This monthly indicator measures the net change in Alabama's population, accounting for births, deaths, and migration. It provides valuable insights into demographic trends that influence the state's labor force, housing, and public service needs.
Methodology
The data is collected and calculated by the U.S. Census Bureau based on vital statistics and migration estimates.
Historical Context
Residence adjustment data is used by policymakers, urban planners, and businesses to understand population dynamics and their economic implications.
Key Facts
- Alabama's population grew by 0.5% in 2022.
- Net migration accounted for 60% of the state's population increase.
- The largest growth occurred in the Birmingham-Hoover metropolitan area.
FAQs
Q: What does this economic trend measure?
A: The Residence Adjustment in Alabama tracks the monthly net change in the state's population, accounting for births, deaths, and migration.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into demographic shifts that influence Alabama's labor force, housing demand, and public service needs, informing economic planning and policy decisions.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects and calculates the Residence Adjustment in Alabama based on vital statistics and migration estimates.
Q: How is this trend used in economic policy?
A: Policymakers, urban planners, and businesses use residence adjustment data to understand population dynamics and their economic implications for the state of Alabama.
Q: Are there update delays or limitations?
A: The residence adjustment data is published monthly with a lag of approximately two months.
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Citation
U.S. Federal Reserve, Residence Adjustment in Alabama (ALEADJ), retrieved from FRED.