Atlantic City 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 Atlantic City area, selected area counties, and the nation Average weekly wages for all industries by county Atlantic City area, 4th quarter 2016 (U.S. = $1,067; Area = $885) Unemployment rates 4.5 United States 4.1 7.1 Atlantic City area 6.3 7.1 Atlantic Co. 6.3 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 Atlantic City area employment (numbers in thousands) 3.0 2.0 1.0 0.0 -1.0 -2.0 -3.0 -4.0 -5.0 -6.0 May-14 Atlantic City area 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 Change from May May 2017 2016 to May 2017 Number Percent 0.6 -0.2 -0.1 0.4 0.1 0.1 0.3 0.3 -0.6 0.1 0.2 0.5 -3.4 -4.5 1.9 14.3 2.6 2.9 1.5 -1.6 1.8 0.9 131.3 5.6 2.1 21.8 0.8 3.9 10.6 20.5 37.5 5.6 22.9 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, April 2017 10.0 9.3 Philadelphia area U.S. city average 8.0 Percent 6.0 8.1 4.0 3.0 2.0 1.0 4.0 0.0 2.2 0.0 General freight trucking Hospitals Casino hotels 5.0 6.0 2.0 12-month percent changes in PPI 1.3 1.3 All Items -1.0 0.5 -2.0 Food -3.0 Energy -4.0 May-14 Source: U.S. BLS, Consumer Price Index. Average annual spending and percent distribution for selected categories Northeast Region average annual expenditures 2015 May-15 May-16 Average hourly wages for selected occupations Occupation Atlantic City area Total, all occupations All other $10,820 18.3% Housing $20,817 35.3% 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 $22.50 $23.86 Registered nurses 36.91 34.70 Accountants and auditors 36.39 36.89 Gaming supervisors 29.29 24.43 Construction laborers 25.47 18.22 Cooks, restaurant 15.44 12.23 Security guards 14.53 14.29 Bartenders 14.23 12.30 Receptionists and information clerks 14.17 14.00 Retail salespersons 11.97 13.07 Maids and housekeeping cleaners 11.86 11.46 Cashiers 10.73 10.43 Cooks, fast food 10.16 9.89 Source: U.S. BLS, Occupational Employment Statistics, May 2016. Source: U.S. BLS, Consumer Expenditure Survey. Private industry, March 2017 May-17 Source: U.S. BLS, Producer Price Index. Middle Atlantic (1) $41.55 27.21 14.34 3.10 1.56 2.97 3.37 1.76 3.15 (1) Middle Atlantic includes NJ, NY, and PA. 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 Middle Atlantic Mar-15 United States Mar-16 Source: U.S. BLS, Employment Cost Index. New York-New Jersey Information Office • [email protected] • https://www.bls.gov/regions/new-york-new-jersey • 646-264-3600 Mar-17
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