Corpus Christi Area Economic Summary Updated June 28, 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 Corpus Christi area, selected area counties, and the nation Average weekly wages for all industries by county Corpus Christi area, 4th quarter 2016 (U.S. = $1,067; Area = $897) Unemployment rates 4.5 United States 4.1 5.5 Corpus Christi area 5.7 5.1 Aransas Co. 5.7 5.2 Nueces Co. 5.4 7.2 San Patricio Co. 7.5 0.0 3.0 6.0 9.0 May-16 May-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 Corpus Christi area employment (numbers in thousands) 3.0 2.0 1.0 0.0 -1.0 -2.0 -3.0 May-14 Corpus Christi area May-15 United States May-16 Source: U.S. BLS, Current Employment Statistics. May-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 May May 2017 195.3 23.1 8.9 34.8 1.8 7.8 17.2 31.5 27.0 7.4 35.8 Source: U.S. BLS, Current Employment Statistics. • www.bls.gov/ro6 2016 to May 2017 Number Percent 4.0 0.8 0.1 0.8 -0.1 0.1 0.4 0.7 0.5 0.1 0.6 2.1 3.6 1.1 2.4 -5.3 1.3 2.4 2.3 1.9 1.4 1.7 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, May 2017 6.0 Percent 4.0 5.4 South region U.S. city average 1.7 2.0 0.0 1.9 0.7 0.0 General freight trucking Hospitals Offices of physicians 4.7 4.0 2.0 12-month percent changes in PPI All Items 0.9 -2.0 Food Energy -4.0 May-14 Source: U.S. BLS, Consumer Price Index. Average annual spending and percent distribution for selected categories South Region average annual expenditures 2015 May-15 Healthcare $4,264 8.2% Personal insurance & pensions $5,608 10.8% Food $6,613 12.7% Transportation $9,598 18.5% Total: $52,020 Source: U.S. BLS, Consumer Expenditure Survey. Employer costs per hour worked for wages and selected employee benefits by geographic division Private industry, March 2017 Total compensation Wages and salaries Total benefits Paid leave Vacation Supplemental pay Insurance Retirement and savings Legally required benefits West South Central (1) $30.07 21.60 8.47 1.92 0.96 1.05 2.10 1.10 2.31 (1) West South Central includes AR, LA, OK, and TX. Source: U.S. BLS, Employer Costs for Employee Compensation. Corpus Christi area Total, all occupations Housing $16,518 31.8% United States $33.11 23.06 10.06 2.30 1.18 1.17 2.65 1.34 2.60 May-17 Average hourly wages for selected occupations Occupation All other $9,419 18.1% May-16 Source: U.S. BLS, Producer Price Index. United States $21.06 $23.86 General and operations managers 55.57 58.70 Human resources managers 48.39 57.79 Registered nurses 36.58 34.70 Accountants and auditors 32.48 36.89 Rotary drill operators, oil and gas 26.28 27.47 Heavy and tractor-trailer truck drivers 20.64 20.96 Construction laborers 14.90 18.22 Medical secretaries 14.50 16.85 Retail salespersons 13.36 13.07 Customer service representatives 13.13 16.91 Nursing assistants 12.01 13.29 9.24 9.89 Cooks, fast food Source: U.S. BLS, Occupational Employment Statistics, May 2016. Over-the-year changes in wages and salaries Percent 3.0 12-month percent changes in ECI 2.0 1.0 0.0 -1.0 Mar-14 West South Central Mar-15 Source: U.S. BLS, Employment Cost Index. Southwest Information Office • [email protected] • https://www.bls.gov/regions/southwest • 972-850-4800 United States Mar-16 Mar-17
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