Springfield, MA-CT, 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.
Unemployment rates for the Springfield area,
selected area cities, and the nation
Average weekly wages for all industries by county
Springfield area, 3rd quarter 2016
(U.S. = $1,027; Area = $923)
Unemployment rates
4.7
United States
4.1
4.7
Springfield area
4.6
5.1
Chicopee city,
MA
5.0
6.0
Holyoke city,
MA
5.8
7.1
Springfield city,
MA
6.9
4.3
Westfield city,
MA
4.3
0.0
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
Percent
Springfield area employment
(numbers in thousands)
3.0
2.5
2.0
1.5
1.0
0.5
0.0
Apr-14
Springfield area
Apr-15
United States
Apr-16
Source: U.S. BLS, Current Employment Statistics.
Apr-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 Apr.
Apr. 2017
2016 to Apr. 2017
Number
Percent
3.3
0.3
-0.3
1.5
-0.1
-0.3
-0.3
2.8
-1.8
0.2
1.3
1.0
2.8
-1.0
2.5
-2.9
-1.7
-1.1
3.5
-5.7
1.6
2.0
338.2
11.0
28.4
60.6
3.4
16.9
26.3
82.7
29.6
13.0
66.3
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
8.9
Percent
4.0
9.3
2.0
6.0
1.0
0.0
4.0
2.0
0.0
General freight trucking
Hospitals
Fabricated pipe and pipe fitting mfg
3.0
Northeast region
U.S. city average
8.0
12-month percent changes in PPI
1.9
-1.0
2.2
0.8
All Items
-2.0
0.5
Food
-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
$24.41
$23.86
General and operations managers
48.92
58.70
Registered nurses
35.70
34.70
Accountants and auditors
33.65
36.89
Construction laborers
24.41
18.22
Customer service representatives
17.25
16.91
Team assemblers
16.34
15.65
Bus drivers, school or special client
15.66
14.96
Personal care aides
13.33
10.92
Retail salespersons
13.30
13.07
Cooks, fast food
12.13
9.89
Waiters and waitresses
11.51
11.73
Cashiers
11.42
10.43
Source: U.S. BLS, Occupational Employment Statistics, May 2016.
Source: U.S. BLS, Consumer Expenditure Survey.
Private industry, December
2016
Springfield
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.
New England
(1)
$39.27
27.61
11.66
2.90
1.51
1.10
3.23
1.54
2.89
(1) New England includes CT, MA, ME, NH, RI, and VT.
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
12.0
12-month percent changes in ECI
10.0
8.0
6.0
4.0
2.0
0.0
-2.0
Mar-14
New England
Mar-15
United States
Mar-16
Source: U.S. BLS, Employment Cost Index.
New England Information Office • [email protected] • https://www.bls.gov/regions/new-england • 617-565-2327
Mar-17