Toledo 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 Toledo area,
selected area counties, and the nation
Average weekly wages for all industries by county
Toledo area, 4th quarter 2016
(U.S. = $1,067; Area = $878)
Unemployment rates
4.5
United States
4.1
4.1
Toledo area
5.3
3.8
Fulton Co.
4.5
4.4
Lucas Co.
5.9
3.5
Wood Co.
0.0
4.0
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
Toledo area employment
(numbers in thousands)
3.0
2.5
1.5
1.0
0.0
-0.5
-1.0
May-14
Toledo area
May-15
United States
May-16
Source: U.S. BLS, Current Employment Statistics.
May-17
2016 to May 2017
Percent
312.5
-0.6
-0.2
Mining, logging, and construction
14.0
-1.2
-7.9
Manufacturing
41.9
-2.6
-5.8
Trade, transportation, and utilities
59.0
0.2
0.3
3.0
0.0
0.0
Financial activities
10.8
0.2
1.9
Professional and business services
38.0
-0.4
-1.0
Education and health services
52.2
1.6
3.2
Leisure and hospitality
34.7
0.7
2.1
Other services
12.3
0.1
0.8
Government
46.6
0.8
1.7
Information
0.5
May 2017
Number
Total nonfarm
2.0
Change from May
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
2.0
General freight trucking
Hospitals
Petroleum and coal products manufacturing
10.0
0.0
1.9
-10.0
1.4
0.9
-20.0
0.4
0.0
30.0
20.0
4.1
4.0
12-month percent changes in PPI
40.0
5.4
Midwest region
U.S. city average
Percent
All Items
Food
-30.0
Energy
-40.0
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
$20.88
$23.86
Accountants and auditors
35.94
36.89
Registered nurses
30.43
34.70
Machinists
24.03
20.78
Team assemblers
19.91
15.65
Construction laborers
18.94
18.22
Customer service representatives
15.16
16.91
Medical secretaries
15.08
16.85
Retail salespersons
14.34
13.07
Packers and packagers, hand
12.66
11.74
Cashiers
10.20
10.43
Cooks, fast food
9.76
9.89
Bartenders
9.42
12.30
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
Toledo 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