Bloomington, IL, 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 Bloomington area, selected area counties, and the nation Unemployment rates Average weekly wages for all industries by county Bloomington area, 4th quarter 2016 (U.S. = $1,067; Area = $919) 4.5 United States 4.1 4.6 Bloomington area 3.8 5.1 De Witt Co. 4.1 4.5 McLean Co. 3.8 0.0 1.0 2.0 3.0 4.0 5.0 6.0 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 Bloomington area employment (numbers in thousands) 3.0 2.0 1.0 0.0 -1.0 -2.0 -3.0 -4.0 May-14 Bloomington 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 0.9 0.2 -0.2 -0.6 0.0 0.2 0.4 0.7 -0.1 -0.1 0.4 1.0 6.7 -5.7 -4.1 0.0 1.0 4.1 6.4 -0.9 -2.6 2.5 94.6 3.2 3.3 13.9 0.7 20.2 10.2 11.6 11.6 3.7 16.2 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 Insurance carriers 2.0 1.0 0.0 1.9 -1.0 1.4 0.9 -2.0 0.4 0.0 12-month percent changes in PPI 3.0 4.1 4.0 2.0 Percent 4.0 All Items Food -3.0 Energy -4.0 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% Bloomington area Total, all occupations Housing $17,370 31.5% Food $7,090 12.9% Total: $55,071 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 East North Central (1) $30.80 21.39 9.41 2.12 1.16 0.88 2.75 1.22 2.44 (1) East North Central includes IL, IN, MI, OH, and WI. 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 United States $24.50 $23.86 Computer systems analysts 41.96 44.05 Accountants and auditors 34.52 36.89 Registered nurses 28.83 34.70 Construction laborers 26.25 18.22 24.08 20.96 19.31 19.34 Customer service representatives 14.96 16.91 Retail salespersons 11.77 13.07 Stock clerks and order fillers 11.24 12.82 Waiters and waitresses 10.90 11.73 9.42 9.89 Heavy and tractor-trailer truck drivers Bookkeeping, accounting, and auditing clerks Transportation $9,597 17.4% May-17 Average hourly wages for selected occupations Occupation All other $10,138 18.4% May-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 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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