Baton Rouge 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 Baton Rouge area, selected area counties, and the nation Unemployment rates Average weekly wages for all industries by county Baton Rouge area, 4th quarter 2016 (U.S. = $1,067; Area = $1,003) 4.5 United States 4.1 5.0 Baton Rouge area 4.7 4.8 Ascension Parish 4.6 4.9 East Baton Rouge Parish 4.7 6.6 Iberville Parish 6.5 4.7 Livingston Parish 0.0 4.5 2.0 4.0 May-16 6.0 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 12-month percent changes in employment Baton Rouge area employment (numbers in thousands) Percent 4.0 3.0 2.0 1.0 0.0 -1.0 -2.0 May-14 Baton Rouge area United States May-15 May-16 Source: U.S. BLS, Current Employment Statistics. May-17 Total nonfarm Mining and logging Construction Manufacturing Trade, transportation, and utilities Information Financial activities Professional and business services Education and health services Leisure and hospitality Other services Government Source: U.S. BLS, Current Employment Statistics. • May 2017 409.7 1.0 53.6 29.2 68.5 5.4 19.1 48.8 54.1 40.6 16.8 72.6 Change from May 2016 to May 2017 Number Percent 1.9 -0.1 3.4 0.2 -1.9 -0.5 0.2 0.2 1.6 -0.1 -0.1 -1.0 0.5 -9.1 6.8 0.7 -2.7 -8.5 1.1 0.4 3.0 -0.2 -0.6 -1.4 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 Percent 6.0 5.4 South region U.S. city average 4.7 12-month percent changes in PPI General freight trucking Hospitals Engineering services 4.0 4.0 2.0 2.0 1.7 1.9 0.0 0.7 0.0 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 South Region average annual expenditures 2015 May-15 Housing $16,518 31.8% Healthcare $4,264 8.2% Personal insurance & pensions $5,608 10.8% Food $6,613 12.7% Transportation $9,598 18.5% Total: $52,020 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 West South Central (1) $30.07 21.60 8.47 1.92 0.96 1.05 2.10 1.10 2.31 (1) West South Central includes AR, LA, OK, and TX. 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 May-17 Average hourly wages for selected occupations Occupation All other $9,419 18.1% May-16 Source: U.S. BLS, Producer Price Index. Baton Rouge area United States Total, all occupations $21.38 $23.86 Dentists, general 101.05 83.59 General and operations managers 57.28 58.70 Lawyers 49.76 67.25 Computer systems analysts 37.30 44.05 Accountants and auditors 31.06 36.89 Registered nurses 28.52 34.70 Construction laborers 16.34 18.22 Customer service representatives 14.60 16.91 Medical secretaries 14.22 16.85 Retail salespersons 11.43 13.07 Food preparation workers 8.81 11.02 Cooks, fast food 8.69 9.89 Source: U.S. BLS, Occupational Employment Statistics, May 2016. Over-the-year changes in wages and salaries Percent 3.0 12-month percent changes in ECI 2.0 1.0 0.0 West South Central -1.0 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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