Youngstown 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 Youngstown area,
selected area counties, and the nation
Average weekly wages for all industries by county
Youngstown area, 4th quarter 2016
(U.S. = $1,067; Area = $768)
Unemployment rates
4.5
United States
4.1
5.7
Youngstown
area
5.9
5.5
Mahoning Co.,
OH
5.8
5.8
Mercer Co., PA
5.6
5.9
Trumbull Co.,
OH
6.1
0.0
2.0
4.0
6.0
8.0
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
Youngstown area employment
(numbers in thousands)
2.5
2.0
0.5
0.0
-0.5
-1.0
-1.5
May-14
Youngstown area
United States
May-15
Percent
-1.3
-0.6
9.8
0.5
5.4
Manufacturing
28.1
-1.3
-4.4
Trade, transportation, and utilities
46.5
-0.6
-1.3
Information
2.0
0.0
0.0
Financial activities
7.4
0.1
1.4
Professional and business services
22.1
-0.3
-1.3
Education and health services
44.7
0.6
1.4
Leisure and hospitality
24.4
-0.5
-2.0
9.7
0.0
0.0
30.3
0.2
0.7
Other services
May-16
Source: U.S. BLS, Current Employment Statistics.
May-17
2016 to May 2017
225.0
Mining, logging, and construction
1.0
May 2017
Number
Total nonfarm
1.5
Change from May
Government
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
6.0
5.4
Midwest region
U.S. city average
General freight trucking
Hospitals
Primary metal mfg
10.0
4.1
4.0
12-month percent changes in PPI
Percent
15.0
5.0
0.0
2.0
1.9
-5.0
1.4
0.9
-10.0
0.4
0.0
All Items
Food
-15.0
Energy
-20.0
May-14
Source: U.S. BLS, Consumer Price Index.
Average annual spending and percent distribution for
selected categories
Midwest Region average annual expenditures 2015
May-15
Healthcare
$4,616
8.4%
Personal
insurance &
pensions
$6,260
11.4%
Food
$7,090
12.9%
Transportation
$9,597
17.4%
Total:
$55,071
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
United
States
$19.44
$23.86
General and operations managers
46.80
58.70
Accountants and auditors
29.94
36.89
Registered nurses
27.63
34.70
Machinists
20.14
20.78
Bailiffs
17.88
21.99
Construction laborers
17.52
18.22
Customer service representatives
15.47
16.91
Packers and packagers, hand
11.49
11.74
Retail salespersons
11.32
13.07
Telemarketers
10.45
13.06
Cashiers
9.80
10.43
Cooks, fast food
9.02
9.89
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
Youngstown
area
Total, all occupations
Housing
$17,370
31.5%
May-17
Average hourly wages for selected occupations
Occupation
All other
$10,138
18.4%
May-16
Source: U.S. BLS, Producer Price Index.
East North
Central (1)
$30.80
21.39
9.41
2.12
1.16
0.88
2.75
1.22
2.44
(1) East North Central includes IL, IN, MI, OH, and WI.
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
3.5
12-month percent changes in ECI
3.0
2.5
2.0
1.5
1.0
0.5
0.0
Mar-14
East North Central
Mar-15
Source: U.S. BLS, Employment Cost Index.
Midwest Information Office • [email protected] • https://www.bls.gov/regions/midwest/ • 312-353-1880
United States
Mar-16
Mar-17