Dallas-Fort Worth 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 Dallas-Fort Worth area, selected area counties, and the nation Average weekly wages for all industries by county Dallas-Fort Worth area, 4th quarter 2016 (U.S. = $1,067; Area = $1,155) Unemployment rates 4.5 United States 4.1 3.6 Dallas-Fort Worth area 3.8 3.2 Collin Co. 3.5 3.7 Dallas Co. 4.0 3.1 Denton Co. 3.4 3.7 Tarrant Co. 0.0 3.8 2.0 4.0 May-16 6.0 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 Percent 12-month percent changes in employment 5.0 Dallas-Fort Worth area employment (numbers in thousands) Dallas-Fort Worth area United States 4.0 3.0 2.0 1.0 0.0 May-14 May-15 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 May 2017 Change from May 2016 to May 2017 Number Percent 115.8 2.9 3.0 23.3 -0.9 10.0 31.5 13.9 18.2 4.5 9.4 3.3 1.4 1.1 3.2 -1.1 3.6 5.5 3.2 4.9 3.7 2.2 3,616.1 206.0 267.2 762.7 81.3 291.3 606.7 445.0 389.7 126.7 439.5 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, May 2017 8.0 Dallas-Fort Worth area U.S. city average 6.0 5.9 0.0 2.1 -3.0 1.9 0.7 0.0 General freight trucking Hospitals Air transportation 3.0 5.4 4.0 2.0 12-month percent changes in PPI Percent 6.0 All Items 0.9 -6.0 Food Energy -9.0 May-14 Source: U.S. BLS, Consumer Price Index. Average annual spending and percent distribution for selected categories Dallas-Fort Worth area average annual expenditures 2014-15 May-15 Housing $20,976 32.8% Healthcare $4,935 7.7% Personal insurance & pensions $7,377 11.5% Food $8,240 12.9% Transportation $11,306 17.7% Total: $63,976 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 Dallas-Fort Worth area United States Total, all occupations $24.21 $23.86 Dentists, general 84.80 83.59 Compensation and benefits managers 64.95 61.01 Human resources managers 63.02 57.79 Computer systems analysts 45.66 44.05 Accountants and auditors 39.00 36.89 Registered nurses 35.05 34.70 Machinists 19.08 20.78 Customer service representatives 17.33 16.91 Medical secretaries 15.81 16.85 Construction laborers 14.22 18.22 Retail salespersons 13.79 13.07 9.60 9.89 Cooks, fast food Source: U.S. BLS, Occupational Employment Statistics, May 2016. Source: U.S. BLS, Consumer Expenditure Survey. Private industry, March 2017 May-17 Average hourly wages for selected occupations Occupation All other $11,142 17.4% May-16 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 5.0 12-month percent changes in ECI 4.0 3.0 2.0 1.0 Dallas-Fort Worth area 0.0 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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