San Diego 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. Average weekly wages for all industries by county Unemployment rates for the San Diego area, selected area counties, and the nation San Diego area, 4th quarter 2016 (U.S. = $1,067; Area = $1,170) Unemployment rates 4.5 United States 4.1 4.3 San Diego area 3.6 4.3 San Diego Co. 3.6 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 San Diego area employment (numbers in thousands) Percent 4.0 3.5 3.0 2.5 2.0 1.5 1.0 0.5 0.0 May-14 San Diego area May-15 United States May-16 Source: U.S. BLS, Current Employment Statistics. May-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. • May 2017 1,443.8 0.3 80.3 107.8 218.1 23.7 75.1 235.0 203.4 190.8 58.5 250.8 Change from May 2016 to May 2017 Number Percent 20.3 0.0 5.0 -0.1 -1.4 0.4 2.6 1.1 3.9 -1.2 4.0 6.0 1.4 0.0 6.6 -0.1 -0.6 1.7 3.6 0.5 2.0 -0.6 7.3 2.5 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, second half 2016 4.0 2.0 2.0 1.5 4.0 -0.2 -2.0 12-month percent changes in PPI 6.0 0.4 0.0 2.0 -3.1 -4.0 -6.0 San Diego area U.S. city average -8.0 -10.0 Percent 8.0 All Items 0.0 -2.0 -7.7 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 San Diego area average annual expenditures 2014-15 May-15 Housing $25,464 35.8% Healthcare $4,732 6.7% Personal insurance & pensions $9,270 13.0% Food $7,440 10.5% Transportation $11,020 15.5% Total: $71,039 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 San Diego area United States Total, all occupations $26.68 $23.86 Financial managers 68.64 67.17 Registered nurses 44.46 34.70 Chemists 40.71 38.86 Accountants and auditors 37.49 36.89 Electro-mechanical technicians 27.69 27.82 Sailors and marine oilers 20.19 22.20 Medical secretaries 19.27 16.85 Construction laborers 19.04 18.22 Security guards 14.82 14.29 Retail salespersons 14.41 13.07 Maids and housekeeping cleaners 12.51 11.46 Cooks, fast food 11.31 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 $13,113 18.5% 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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