Pittsburgh 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. Average weekly wages for all industries by county Unemployment rates for the Pittsburgh area, selected area counties, and the nation Pittsburgh area, 3rd quarter 2016 (U.S. = $1,027; Area = $1,013) Unemployment rates 4.7 United States 4.1 5.4 Pittsburgh area 4.8 4.9 Allegheny Co. 4.6 4.8 Butler Co. 4.3 6.1 Washington Co. 5.1 5.5 Westmoreland Co. 0.0 4.8 2.0 4.0 6.0 8.0 Apr-16 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 Pittsburgh area employment (numbers in thousands) Percent 2.5 2.0 1.5 1.0 0.5 0.0 -0.5 Apr-14 Pittsburgh area Apr-15 United States Apr-16 Source: U.S. BLS, Current Employment Statistics. Apr-17 Total nonfarm Mining and logging Construction Manufacturing Trade, transportation, and utilities Information Financial activities Professional and business services Education and health services Leisure and hospitality Other services Government Apr. 2017 Change from Apr. 2016 to Apr. 2017 Number Percent 5.9 -0.9 -3.0 -2.6 1.7 0.2 0.9 3.1 2.2 4.5 0.8 -1.0 0.5 -10.2 -5.4 -3.0 0.8 1.1 1.3 1.7 0.9 3.8 1.6 -0.8 1,173.1 7.9 52.2 82.9 214.5 18.4 71.2 186.2 248.6 121.4 52.0 117.8 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, second half 2016 2.0 1.7 12-month percent changes in PPI Percent 5.0 1.5 General freight trucking Hospitals Engineering services 4.0 3.0 0.0 -0.1 2.0 -0.2 1.0 0.0 -2.0 Pittsburgh area U.S. city average -4.0 All Items -1.0 -3.0 Food -2.0 -3.1 -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 $22.77 $23.86 Civil engineers 46.43 43.14 Accountants and auditors 34.53 36.89 Registered nurses 30.65 34.70 Carpenters 25.08 23.24 Mental health counselors 19.95 22.14 Construction laborers 19.48 18.22 Customer service representatives 17.02 16.91 Office clerks, general 15.21 15.87 Retail salespersons 12.82 13.07 Waiters and waitresses 10.18 11.73 Cashiers 9.43 10.43 Cooks, fast food 9.24 9.89 Source: U.S. BLS, Occupational Employment Statistics, May 2015. Source: U.S. BLS, Consumer Expenditure Survey. Private industry, December 2016 Pittsburgh 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. Middle Atlantic (1) $40.98 26.92 14.06 3.06 1.54 2.85 3.33 1.73 3.10 (1) Middle Atlantic includes NJ, NY, and PA. 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 Middle Atlantic Mar-15 United States Mar-16 Source: U.S. BLS, Employment Cost Index. Mid-Atlantic Information Office • [email protected] • https://www.bls.gov/regions/mid-atlantic • 215-597-3282 Mar-17
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