Honolulu 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 Honolulu area, selected area counties, and the nation Average weekly wages for all industries by county Honolulu area, 4th quarter 2016 (U.S. = $1,067; Area = $994) Unemployment rates 4.5 United States 4.1 2.8 Honolulu area 2.6 2.8 Honolulu Co. 2.6 0.0 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 Honolulu area employment (numbers in thousands) 3.0 2.5 2.0 1.5 1.0 0.5 0.0 May-14 Honolulu 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 4.7 -0.7 -0.2 2.1 -0.2 -0.2 0.2 0.4 3.3 -0.1 0.1 1.0 -2.5 -1.8 2.5 -2.6 -0.9 0.3 0.6 4.7 -0.5 0.1 481.1 27.4 11.1 85.4 7.4 21.3 67.1 65.9 72.9 21.0 101.6 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, second half 2016 2.0 1.5 6.0 0.5 0.0 4.0 -0.2 2.0 -2.0 Honolulu area U.S. city average -4.0 -6.0 12-month percent changes in PPI Percent 8.0 1.5 0.0 -3.1 -2.0 -4.9 All Items Food General freight trucking Hospitals Hotels (exc casino hotels) and motels -4.0 Energy -6.0 May-14 Source: U.S. BLS, Consumer Price Index. Average annual spending and percent distribution for selected categories West Region average annual expenditures 2015 May-15 Housing $20,716 33.8% Healthcare $4,221 6.9% Personal insurance & pensions $7,098 11.6% Food $7,776 12.7% Transportation $9,640 15.7% Total: $61,244 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 Honolulu area United States Total, all occupations $24.56 $23.86 Real estate brokers 74.71 38.14 Registered nurses 42.93 34.70 Civil engineers 39.93 43.14 Accountants and auditors 29.90 36.89 Construction laborers 27.84 18.22 Maids and housekeeping cleaners 18.24 11.46 Travel agents 17.50 19.18 Floral designers 14.14 13.27 Baggage porters and bellhops 14.13 11.97 Retail salespersons 13.41 13.07 Tour guides and escorts 13.20 13.51 Cooks, fast food 12.82 9.89 Source: U.S. BLS, Occupational Employment Statistics, May 2016. Source: U.S. BLS, Consumer Expenditure Survey. Private industry, March 2017 May-17 Average hourly wages for selected occupations Occupation All other $11,793 19.3% May-16 Source: U.S. BLS, Producer Price Index. Pacific (1) $36.78 25.75 11.02 2.51 1.26 0.93 2.84 1.62 3.13 (1) Pacific includes AK, CA, HI, OR, and WA. 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 3.5 12-month percent changes in ECI 3.0 2.5 2.0 1.5 1.0 0.5 0.0 Mar-14 Pacific Mar-15 Source: U.S. BLS, Employment Cost Index. Western Information Office • [email protected] • https://www.bls.gov/regions/west • 415-625-2270 United States Mar-16 Mar-17
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