Omaha 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 Omaha area, selected area counties, and the nation Average weekly wages for all industries by county Omaha area, 4th quarter 2016 (U.S. = $1,067; Area = $946) Unemployment rates 4.5 United States 4.1 3.1 Omaha area 2.9 3.2 Douglas Co., NE 3.0 3.1 Pottawattamie Co., IA 2.6 2.8 Sarpy Co., NE 2.7 3.2 Washington Co., NE 0.0 3.0 2.0 4.0 May-16 6.0 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 Percent Omaha area employment (numbers in thousands) 2.5 2.0 1.0 0.5 0.0 May-14 Omaha area May-15 United States May-16 Source: U.S. BLS, Current Employment Statistics. May-17 May 2017 2016 to May 2017 Number Percent 508.4 8.1 1.6 Mining, logging, and construction 29.1 2.3 8.6 Manufacturing 32.5 -0.2 -0.6 Trade, transportation, and utilities 98.3 1.6 1.7 Information 12.0 0.3 2.6 Financial activities 44.2 0.9 2.1 Professional and business services 75.6 1.3 1.7 Education and health services 80.8 2.2 2.8 Leisure and hospitality 51.0 0.5 1.0 Other services 18.0 0.3 1.7 Government 66.9 -1.1 -1.6 Total nonfarm 1.5 Change from May 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, May 2017 6.0 5.4 Midwest region U.S. city average General freight trucking Hospitals Data processing and related services 3.0 4.1 4.0 12-month percent changes in PPI Percent 4.0 2.0 1.0 2.0 1.9 0.0 1.4 0.9 -1.0 0.4 0.0 All Items Food -2.0 Energy -3.0 May-14 Source: U.S. BLS, Consumer Price Index. Average annual spending and percent distribution for selected categories Midwest Region average annual expenditures 2015 May-15 Healthcare $4,616 8.4% Personal insurance & pensions $6,260 11.4% Food $7,090 12.9% Transportation $9,597 17.4% Total: $55,071 Source: U.S. BLS, Consumer Expenditure Survey. Total compensation Wages and salaries Total benefits Paid leave Vacation Supplemental pay Insurance Retirement and savings Legally required benefits United States $22.35 $23.86 Medical and health services managers 50.44 52.58 Software developers, applications 43.57 50.14 Accountants and auditors 33.44 36.89 Registered nurses 30.01 34.70 Heavy and tractor-trailer truck drivers 20.15 20.96 Customer service representatives 16.35 16.91 Construction laborers 15.09 18.22 Retail salespersons 13.80 13.07 Social and human service assistants 13.60 16.41 Telemarketers 12.23 13.06 Waiters and waitresses 10.44 11.73 Cooks, fast food 10.23 9.89 Source: U.S. BLS, Occupational Employment Statistics, May 2016. Employer costs per hour worked for wages and selected employee benefits by geographic division Private industry, March 2017 Omaha area Total, all occupations Housing $17,370 31.5% May-17 Average hourly wages for selected occupations Occupation All other $10,138 18.4% May-16 Source: U.S. BLS, Producer Price Index. West North Central (1) $29.86 20.97 8.90 2.02 1.10 0.78 2.47 1.22 2.40 (1) West North Central includes IA, KS, MN, MO, ND, NE, and SD. 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 4.0 12-month percent changes in ECI 3.5 3.0 2.5 2.0 1.5 1.0 0.5 0.0 Mar-14 West North Central Mar-15 Source: U.S. BLS, Employment Cost Index. Midwest Information Office • [email protected] • https://www.bls.gov/regions/midwest/ • 312-353-1880 United States Mar-16 Mar-17
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