Las Cruces 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 Las Cruces area, selected area counties, and the nation Average weekly wages for all industries by county Las Cruces area, 4th quarter 2016 (U.S. = $1,067; Area = $717) Unemployment rates 4.5 United States 4.1 7.0 Las Cruces area 6.8 7.0 Dona Ana Co. 6.8 0.0 2.0 4.0 6.0 May-16 8.0 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 Las Cruces area employment (numbers in thousands) 3.0 2.0 1.0 0.0 -1.0 Las Cruces area -2.0 May-14 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 May 2017 73.5 3.8 2.5 10.9 0.7 2.5 6.7 15.4 8.5 1.5 21.0 Source: U.S. BLS, Current Employment Statistics. • www.bls.gov/ro6 Change from May 2016 to May 2017 Number Percent 0.0 0.0 0.2 0.1 0.0 -0.2 -0.3 0.1 0.2 0.0 -0.1 0.0 0.0 8.7 0.9 0.0 -7.4 -4.3 0.7 2.4 0.0 -0.5 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 West region U.S. city average 6.0 Percent 6.0 6.1 General freight trucking Hospitals Engineering services 4.0 5.4 2.0 4.0 2.6 2.0 0.0 12-month percent changes in PPI 0.0 1.9 1.2 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 West Region average annual expenditures 2015 May-15 Healthcare $4,221 6.9% Personal insurance & pensions $7,098 11.6% Food $7,776 12.7% Transportation $9,640 15.7% Total: $61,244 Source: U.S. BLS, Consumer Expenditure Survey. Employer costs per hour worked for wages and selected employee benefits by geographic division Private industry, March 2017 Total compensation Wages and salaries Total benefits Paid leave Vacation Supplemental pay Insurance Retirement and savings Legally required benefits Mountain (1) $29.36 21.22 8.13 1.83 0.95 0.77 2.14 1.04 2.35 (1) Mountain includes AZ, CO, ID, MT, NM, NV, UT, and WY. Source: U.S. BLS, Employer Costs for Employee Compensation. Las Cruces area Total, all occupations Housing $20,716 33.8% United States $33.11 23.06 10.06 2.30 1.18 1.17 2.65 1.34 2.60 May-17 Average hourly wages for selected occupations Occupation All other $11,793 19.3% May-16 Source: U.S. BLS, Producer Price Index. United States $19.94 $23.86 Electronics engineers, except computer 43.09 49.89 General and operations managers 41.06 58.70 Dental hygienists 39.73 35.31 Accountants and auditors 29.99 36.89 Registered nurses 27.56 34.70 Human resources specialists 23.99 31.20 Construction laborers 13.39 18.22 Office clerks, general 11.94 15.87 Customer service representatives 11.92 16.91 Retail salespersons 11.74 13.07 Personal care aides 9.05 10.92 Cooks, fast food 8.89 9.89 Source: U.S. BLS, Occupational Employment Statistics, May 2016. Over-the-year changes in wages and salaries Percent 4.0 12-month percent changes in ECI 3.0 2.0 1.0 Mountain 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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