A preliminary report on the impact of the oil spill off the coast of Louisiana predicts that Alabama could suffer losses up to $3.3 billion in economic output, $971 million in earnings, and nearly 49,000 jobs under a worst-case scenario through the end of this year.

The $20 billion Gulf Coast Claims Facility established by BP could see as much as $1.6 billion in lost-earnings claims filed by individuals and ­businesses, said the report by the University of Alabama Center for Business and Economic Research.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.