Jacksonville 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 Jacksonville area, selected area counties, and the nation Jacksonville area, 3rd quarter 2016 (U.S. = $1,027; Area = $913) Unemployment rates 4.7 United States 4.1 4.4 Jacksonville area 3.8 4.2 Clay Co. 3.6 4.7 Duval Co. 4.1 4.3 Nassau Co. 3.7 3.5 St. Johns Co. 3.0 0.0 2.0 4.0 Apr-16 6.0 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 Jacksonville 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 Jacksonville 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 684.9 0.4 37.8 30.0 141.5 9.5 65.1 104.5 107.0 85.5 26.8 76.8 Change from Apr. 2016 to Apr. 2017 Number Percent 19.4 0.0 -0.8 0.9 4.7 0.1 1.9 3.4 4.6 2.6 1.6 0.4 2.9 0.0 -2.1 3.1 3.4 1.1 3.0 3.4 4.5 3.1 6.3 0.5 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 10.0 8.0 9.3 6.0 8.0 4.0 6.0 2.0 4.0 2.0 0.0 12-month percent changes in PPI 2.0 0.0 2.2 0.2 All Items -2.0 0.5 Food General freight trucking Hospitals Food and beverage stores -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. Total compensation Wages and salaries Total benefits Paid leave Vacation Supplemental pay Insurance Retirement and savings Legally required benefits United States $21.70 $23.86 Accountants and auditors 32.44 36.89 Registered nurses 30.28 34.70 Heavy and tractor-trailer truck drivers 22.16 20.96 Customer service representatives 15.56 16.91 Construction laborers Laborers and freight, stock, and material movers, hand 13.56 18.22 13.49 13.81 Stock clerks and order fillers 12.54 12.82 Retail salespersons 12.15 13.07 Waiters and waitresses 11.98 11.73 Nursing assistants 11.98 13.29 Cooks, fast food 10.24 9.89 9.71 10.43 Cashiers 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, December 2016 Jacksonville 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. 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. United States $32.76 22.83 9.93 2.28 1.17 1.15 2.63 1.31 2.56 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
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