Los Angeles 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 Los Angeles area,
selected area counties, and the nation
Los Angeles area, 4th quarter 2016
(U.S. = $1,067; Area = $1,241)
Unemployment rates
4.5
United States
4.1
4.6
Los Angeles
area
3.8
4.8
Los Angeles Co.
4.0
3.7
Orange Co.
3.2
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
Los Angeles area employment
(numbers in thousands)
Percent
3.5
3.0
2.5
2.0
1.5
1.0
0.5
0.0
May-14
Los Angeles 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
6,045.2
3.9
240.1
509.2
1,074.8
258.0
338.0
911.2
1,002.3
736.6
211.2
759.9
Change from May
2016 to May 2017
Number
Percent
59.5
-0.2
10.7
-9.0
-6.5
-7.7
1.3
19.0
25.4
10.5
7.5
8.5
1.0
-4.9
4.7
-1.7
-0.6
-2.9
0.4
2.1
2.6
1.4
3.7
1.1
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, May 2017
Percent
6.0
8.0
6.0
6.0
Los Angeles area
U.S. city average
4.0
5.4
2.0
4.0
2.5
2.0
0.0
12-month percent changes in PPI
0.0
1.9
2.0
-2.0
0.9
General freight trucking
Hospitals
Real estate property managers
-4.0
All Items
Food
Energy
-6.0
May-14
Source: U.S. BLS, Consumer Price Index.
Average annual spending and percent distribution for
selected categories
Los Angeles area average annual expenditures 2014-15
May-15
Healthcare
$3,615
6.2%
Personal
insurance &
pensions
$6,445
11.0%
Food
$7,235
12.4%
Transportation
$8,827
15.1%
Total:
$58,388
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
$26.75
$23.86
Human resources managers
63.63
57.79
Administrative services managers
51.51
47.56
Financial analysts
46.78
46.94
Registered nurses
45.16
34.70
Accountants and auditors
39.24
36.89
Electricians
29.38
27.24
Construction laborers
20.77
18.22
Machinists
19.84
20.78
Pharmacy technicians
18.24
15.47
Retail salespersons
14.51
13.07
Home health aides
14.05
11.35
Cooks, fast food
11.03
9.89
Source: U.S. BLS, Occupational Employment Statistics, May 2016.
Source: U.S. BLS, Consumer Expenditure Survey.
Private industry, March 2017
Los Angeles
area
Total, all occupations
Housing
$21,854
37.4%
May-17
Average hourly wages for selected occupations
Occupation
All other
$10,412
17.8%
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
4.5
12-month percent changes in ECI
4.0
3.5
3.0
2.5
2.0
1.5
1.0
0.5
0.0
Mar-14
Los Angeles area
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