Beaumont 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 Beaumont area, selected area counties, and the nation Average weekly wages for all industries by county Beaumont area, 4th quarter 2016 (U.S. = $1,067; Area = $1,038) Unemployment rates 4.5 United States 4.1 6.2 Beaumont area 7.0 5.5 Hardin Co. 6.1 6.3 Jefferson Co. 7.2 7.3 Newton Co. 8.1 6.3 Orange Co. 0.0 6.8 2.0 4.0 6.0 May-16 8.0 10.0 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 Beaumont area employment (numbers in thousands) 6.0 4.0 2.0 0.0 -2.0 -4.0 May-14 Beaumont 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 163.7 19.4 21.4 30.2 1.2 5.6 14.3 22.3 16.3 7.8 25.2 Source: U.S. BLS, Current Employment Statistics. • www.bls.gov/ro6 2016 to May 2017 Number Percent -0.6 1.3 -0.2 -2.2 -0.1 -0.1 -0.3 -0.4 0.4 0.8 0.2 -0.4 7.2 -0.9 -6.8 -7.7 -1.8 -2.1 -1.8 2.5 11.4 0.8 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 6.0 5.4 South region U.S. city average 4.7 12-month percent changes in PPI General freight trucking Hospitals Chemical mfg 4.0 4.0 2.0 2.0 1.7 1.9 0.0 0.7 0.0 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 May-16 Average hourly wages for selected occupations Occupation All other $9,419 18.1% Total, all occupations Dentists, general Housing $16,518 31.8% Beaumont area $23.86 83.59 61.93 57.79 39.40 44.05 Computer systems analysts Petroleum pump system operators, refinery operators, and gaugers Food $6,613 12.7% Transportation $9,598 18.5% Total: $52,020 Source: U.S. BLS, Consumer Expenditure Survey. Total compensation Wages and salaries Total benefits Paid leave Vacation Supplemental pay Insurance Retirement and savings Legally required benefits 39.25 32.63 Accountants and auditors 38.90 36.89 Chemical equipment operators and tenders 36.18 24.18 Registered nurses 32.22 34.70 Welders, cutters, solderers, and brazers 28.23 20.41 Correctional officers and jailers 21.67 22.48 Construction laborers 15.34 18.22 Retail salespersons 13.92 13.07 8.92 9.89 Cooks, fast food Source: U.S. BLS, Occupational Employment Statistics, May 2016. Employer costs per hour worked for wages and selected employee benefits by geographic division Private industry, March 2017 United States $22.61 112.88 Human resources managers Healthcare $4,264 8.2% Personal insurance & pensions $5,608 10.8% May-17 Source: U.S. BLS, Producer Price Index. 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. United States $33.11 23.06 10.06 2.30 1.18 1.17 2.65 1.34 2.60 Over-the-year changes in wages and salaries Percent 3.0 12-month percent changes in ECI 2.0 1.0 0.0 West South Central -1.0 Mar-14 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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