Tampa 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.
Average weekly wages for all industries by county
Unemployment rates for the Tampa area,
selected area counties, and the nation
Tampa area, 3rd quarter 2016
(U.S. = $1,027; Area = $925)
Unemployment rates
4.7
United States
4.1
4.4
Tampa area
3.8
5.8
Hernando Co.
5.0
4.2
Hillsborough
Co.
3.7
4.9
Pasco Co.
4.2
4.1
Pinellas Co.
0.0
3.6
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
Tampa area employment
(numbers in thousands)
Percent
4.5
4.0
3.5
3.0
2.5
2.0
1.5
1.0
0.5
0.0
Apr-14
Tampa area
Apr-15
United States
Apr-16
Source: U.S. BLS, Current Employment Statistics.
Apr-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.
•
Apr.
2017
1,331.0
0.3
78.2
65.1
249.7
26.0
108.2
239.5
202.4
155.0
47.2
159.4
Change from Apr.
2016 to Apr. 2017
Number
Percent
33.4
0.0
8.9
0.7
3.0
0.7
1.9
9.3
2.2
2.7
2.4
1.6
2.6
0.0
12.8
1.1
1.2
2.8
1.8
4.0
1.1
1.8
5.4
1.0
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
Percent
6.0
4.0
2.0
1.8
4.0
1.5
2.0
0.0
-1.0
-2.0
-0.2
Tampa area
U.S. city average
-4.0
-6.0
12-month percent changes in PPI
All Items
Food
0.0
-2.0
-3.1
-4.1
General freight trucking
Hospitals
Offices of lawyers
-4.0
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
Source: U.S. BLS, Consumer Expenditure Survey.
Employer costs per hour worked for wages and
selected employee benefits by geographic division
Private industry, December
2016
Total compensation
Wages and salaries
Total benefits
Paid leave
Vacation
Supplemental pay
Insurance
Retirement and savings
Legally required benefits
South Atlantic
(1)
$30.90
21.81
9.09
2.23
1.15
0.83
2.44
1.28
2.31
(1) South Atlantic includes DC, DE, FL, GA, MD, NC, SC, VA, and WV.
Source: U.S. BLS, Employer Costs for Employee Compensation.
Tampa area
Total, all occupations
Housing
$16,518
31.8%
United
States
$32.76
22.83
9.93
2.28
1.17
1.15
2.63
1.31
2.56
Apr-17
Average hourly wages for selected occupations
Occupation
All other
$9,419
18.1%
Apr-16
Source: U.S. BLS, Producer Price Index.
United
States
$21.88
$23.86
Accountants and auditors
34.70
36.89
Registered nurses
Bookkeeping, accounting, and auditing
clerks
31.86
34.70
17.61
19.34
Customer service representatives
15.07
16.91
Construction laborers
13.72
18.22
Waiters and waitresses
12.66
11.73
Retail salespersons
Landscaping and groundskeeping
workers
12.32
13.07
12.32
13.73
Security guards
10.84
14.29
Cooks, fast food
9.76
9.89
Cashiers
9.70
10.43
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
2.5
2.0
1.5
1.0
0.5
0.0
Mar-14
South Atlantic
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