Burlington, VT, 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 Burlington area, selected area cities, towns, and the nation Average weekly wages for all industries by county Burlington area, 3rd quarter 2016 (U.S. = $1,027; Area = $974) Unemployment rates 4.7 United States 4.1 2.4 Burlington area 2.3 2.1 Burlington city 2.0 2.2 Colchester town 2.1 2.2 Essex town 2.0 1.8 South Burlington city 1.9 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 Burlington area employment (numbers in thousands) 2.5 2.0 1.5 1.0 0.5 0.0 -0.5 -1.0 -1.5 Apr-14 Burlington 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 -0.8 -0.3 -0.6 -0.1 0.0 0.0 0.4 0.0 0.2 -0.1 -0.3 -0.6 -5.4 -4.7 -0.4 0.0 0.0 2.8 0.0 1.7 -2.3 -1.2 124.2 5.3 12.2 22.4 2.3 4.7 14.8 22.5 12.0 4.2 23.8 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 8.9 Percent 4.0 9.3 2.0 6.0 1.0 0.0 4.0 2.0 0.0 General freight trucking Hospitals Computer & electronic product mfg 3.0 Northeast region U.S. city average 8.0 12-month percent changes in PPI 1.9 -1.0 2.2 0.8 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 Northeast Region average annual expenditures 2015 Apr-15 Healthcare $4,328 7.3% Personal insurance & pensions $7,103 12.0% Food $6,882 11.7% Transportation $9,026 15.3% Total: $58,976 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 $24.81 $23.86 Accountants and auditors 36.64 36.89 Registered nurses 33.47 34.70 Compliance officers 32.45 33.77 Computer user support specialists 27.21 25.53 Carpenters 21.65 23.24 Child, family, and school social workers 21.32 22.84 Social and human service assistants 16.89 16.41 Construction laborers 15.40 18.22 Retail salespersons 14.34 13.07 Substitute teachers 13.40 14.86 Cashiers 11.64 10.43 Cooks, fast food 10.50 9.89 Source: U.S. BLS, Occupational Employment Statistics, May 2016. Source: U.S. BLS, Consumer Expenditure Survey. Private industry, December 2016 Burlington area Total, all occupations Housing $20,817 35.3% Apr-17 Average hourly wages for selected occupations Occupation All other $10,820 18.3% Apr-16 Source: U.S. BLS, Producer Price Index. New England (1) $39.27 27.61 11.66 2.90 1.51 1.10 3.23 1.54 2.89 (1) New England includes CT, MA, ME, NH, RI, and VT. 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 12.0 12-month percent changes in ECI 10.0 8.0 6.0 4.0 2.0 0.0 -2.0 Mar-14 New England Mar-15 United States Mar-16 Source: U.S. BLS, Employment Cost Index. New England Information Office • [email protected] • https://www.bls.gov/regions/new-england • 617-565-2327 Mar-17
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