Bowling Green, KY, 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 Bowling Green area, selected area counties, and the nation Average weekly wages for all industries by county Bowling Green area, 3rd quarter 2016 (U.S. = $1,027; Area = $777) Unemployment rates 4.7 United States 4.1 3.8 Bowling Green area 4.0 3.9 Allen Co. 3.9 5.1 Butler Co. 5.2 5.6 Edmonson Co. 5.6 3.6 Warren Co. 3.8 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 Bowling Green area employment (numbers in thousands) 5.0 4.5 4.0 3.5 3.0 2.5 2.0 1.5 1.0 0.5 0.0 Apr-14 Bowling Green 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 2.1 0.3 0.6 -0.1 0.5 0.3 0.0 -0.3 2.8 9.1 4.9 -0.7 5.7 2.9 0.0 -2.3 77.5 3.6 12.9 13.5 9.2 10.6 8.9 12.7 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 12.0 South region U.S. city average 10.0 10.1 Percent 4.0 9.3 12-month percent changes in PPI 2.0 8.0 0.0 6.0 4.0 2.0 0.0 2.0 -2.0 2.2 0.2 All Items 0.5 General freight trucking Hospitals Motor vehicle parts manufacturing -4.0 Food Energy -6.0 Apr-14 Source: U.S. BLS, Consumer Price Index. Average annual spending and percent distribution for selected categories South Region average annual expenditures 2015 Apr-15 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 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 East South Central (1) $25.40 18.00 7.40 1.66 0.85 0.68 2.23 0.87 1.96 (1) East South Central includes AL, KY, MS, and TN. 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 United States $18.79 $23.86 General and operations managers 39.89 58.70 Accountants and auditors 29.00 36.89 Registered nurses 28.50 34.70 Team assemblers 18.55 15.65 Customer service representatives 15.09 16.91 Construction laborers 14.45 18.22 Waiters and waitresses 13.28 11.73 Retail salespersons Laborers and freight, stock, and material movers, hand 12.39 13.07 12.33 13.81 9.22 10.43 - 9.89 Cashiers Source: U.S. BLS, Consumer Expenditure Survey. Private industry, December 2016 Bowling Green area Total, all occupations Housing $16,518 31.8% Apr-17 Average hourly wages for selected occupations Occupation All other $9,419 18.1% Apr-16 Source: U.S. BLS, Producer Price Index. Cooks, fast food Source: U.S. BLS, Occupational Employment Statistics, May 2016. 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 South Central Mar-15 Source: U.S. BLS, Employment Cost Index. Southeast Information Office • [email protected] • https://www.bls.gov/regions/southeast • 404-893-4222 United States Mar-16 Mar-17
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