Sacramento 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 Sacramento area, selected area counties, and the nation Sacramento area, 3rd quarter 2016 (U.S. = $1,027; Area = $1,093) Unemployment rates 4.7 United States 4.1 5.1 Sacramento area 4.4 5.1 El Dorado Co. 4.2 4.4 Placer Co. 3.7 5.3 Sacramento Co. 4.6 5.7 Yolo Co. 5.0 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 Sacramento 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 Sacramento 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 956.4 0.5 51.4 34.8 151.0 13.3 52.9 129.3 151.6 103.5 30.4 237.7 Change from Apr. 2016 to Apr. 2017 Number Percent 10.5 0.1 -2.3 -1.1 1.2 -0.6 1.6 1.6 6.4 3.5 -0.9 1.0 1.1 25.0 -4.3 -3.1 0.8 -4.3 3.1 1.3 4.4 3.5 -2.9 0.4 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 10.0 9.3 8.0 8.0 6.0 4.0 1.0 -1.0 2.2 -3.0 2.0 0.0 3.0 West region U.S. city average 2.9 12-month percent changes in PPI Percent 5.0 1.1 All Items 0.5 General freight trucking Hospitals Wineries -5.0 Food Energy -7.0 Apr-14 Source: U.S. BLS, Consumer Price Index. Average annual spending and percent distribution for selected categories West Region average annual expenditures 2015 Apr-15 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 United States $26.30 $23.86 Lawyers 62.41 67.25 Registered nurses 54.54 34.70 Civil engineers 50.62 43.14 Computer systems analysts 40.28 44.05 Urban and regional planners 39.45 35.12 Accountants and auditors 33.97 36.89 Conservation scientists 32.18 31.31 Carpenters 24.13 23.24 Construction laborers 21.12 18.22 Medical secretaries 20.62 16.85 Retail salespersons 14.11 13.07 Cooks, fast food 10.82 9.89 Source: U.S. BLS, Occupational Employment Statistics, May 2015. Source: U.S. BLS, Consumer Expenditure Survey. Private industry, December 2016 Sacramento area Total, all occupations Housing $20,716 33.8% Apr-17 Average hourly wages for selected occupations Occupation All other $11,793 19.3% Apr-16 Source: U.S. BLS, Producer Price Index. Pacific (1) $36.35 25.46 10.89 2.48 1.24 0.92 2.84 1.60 3.05 (1) Pacific includes AK, CA, HI, OR, and WA. 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 3.5 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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