Cheyenne Area Economic Summary Updated May 31, 2017 This summary presents a sampling of economic information for the area; supplemental data are provided for regions and the nation. Subjects include unemployment, employment, wages, prices, spending, and benefits. All data are not seasonally adjusted and some may be subject to revision. Area definitions may differ by subject. For more area summaries and geographic definitions, see www.bls.gov/regions/economic-summaries.htm. Unemployment rates for the Cheyenne area, selected area counties, and the nation Average weekly wages for all industries by county Cheyenne area, 3rd quarter 2016 (U.S. = $1,027; Area = $872) Unemployment rates 4.7 United States 4.1 4.1 Cheyenne area 3.4 4.1 Laramie Co. 3.4 0.0 2.0 4.0 Apr-16 6.0 Apr-17 Source: U.S. BLS, Local Area Unemployment Statistics Source: U.S. BLS, Quarterly Census of Employment and Wages. Over-the-year changes in employment on nonfarm payrolls and employment by major industry sector 12-month percent changes in employment Percent Cheyenne area employment (numbers in thousands) 3.0 2.0 1.0 0.0 -1.0 -2.0 -3.0 Apr-14 Cheyenne area Apr-15 United States Apr-16 Source: U.S. BLS, Current Employment Statistics. Apr-17 Total nonfarm Mining, logging, and construction Manufacturing Trade, transportation, and utilities Information Financial activities Professional and business services Education and health services Leisure and hospitality Other services Government Change from Apr. Apr. 2017 2016 to Apr. 2017 Number Percent -0.1 0.3 0.0 -0.4 0.0 0.0 -0.2 0.1 0.0 0.0 0.1 -0.2 8.8 0.0 -3.9 0.0 0.0 -6.1 2.3 0.0 0.0 0.7 46.4 3.7 1.3 9.9 1.1 2.2 3.1 4.5 4.7 1.6 14.3 Source: U.S. BLS, Current Employment Statistics. • www.bls.gov/ro6 Over-the-year changes in the selling prices received by producers for selected industries nationwide Over-the-year change in the prices paid by urban consumers for selected categories 12-month percent change in CPI-U, April 2017 10.0 9.3 West region U.S. city average 8.0 8.0 2.0 1.0 0.0 2.9 -1.0 2.2 2.0 0.0 General freight trucking Hospitals Telecommunications 3.0 6.0 4.0 12-month percent changes in PPI Percent 4.0 1.1 All Items -2.0 0.5 Food -3.0 Energy -4.0 Apr-14 Source: U.S. BLS, Consumer Price Index. Average annual spending and percent distribution for selected categories West Region average annual expenditures 2015 Apr-15 Healthcare $4,221 6.9% Personal insurance & pensions $7,098 11.6% Food $7,776 12.7% Transportation $9,640 15.7% Total: $61,244 Employer costs per hour worked for wages and selected employee benefits by geographic division Total compensation Wages and salaries Total benefits Paid leave Vacation Supplemental pay Insurance Retirement and savings Legally required benefits United States $22.22 $23.86 Pharmacists 53.07 57.82 General and operations managers 48.66 58.70 Civil engineers 37.33 43.14 Registered nurses 32.56 34.70 Accountants and auditors 29.96 36.89 Human resources specialists 26.11 31.20 Carpenters 23.10 23.24 Industrial truck and tractor operators 16.46 16.47 Construction laborers 15.56 18.22 Retail salespersons 13.44 13.07 Stock clerks and order fillers 12.49 12.82 Fast food cooks 10.51 9.89 Source: U.S. BLS, Occupational Employment Statistics, May 2016. Source: U.S. BLS, Consumer Expenditure Survey. Private industry, December 2016 Cheyenne area Total, all occupations Housing $20,716 33.8% Apr-17 Average hourly wages for selected occupations Occupation All other $11,793 19.3% Apr-16 Source: U.S. BLS, Producer Price Index. Mountain (1) $29.02 21.07 7.95 1.80 0.93 0.75 2.12 0.96 2.33 (1) Mountain includes AZ, CO, ID, MT, NM, NV, UT, and WY. Source: U.S. BLS, Employer Costs for Employee Compensation. United States $32.76 22.83 9.93 2.28 1.17 1.15 2.63 1.31 2.56 Over-the-year changes in wages and salaries Percent 3.5 12-month percent changes in ECI 3.0 2.5 2.0 1.5 1.0 0.5 0.0 Mar-14 Mountain Mar-15 United States Mar-16 Source: U.S. BLS, Employment Cost Index. Mountain-Plains Information Office • [email protected] • https://www.bls.gov/regions/mountain-plains • 816-285-7000 Mar-17
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