Springfield, MA-CT, Area Economic Summary

Updated November 01, 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.

Unemployment rates for the Springfield area, Average weekly wages for all industries by county
selected area cities, and the nation Springfield area, 1st quarter 2017
(U.S. = $1,111; Area = $941)
Unemployment rates
4.8
United States
4.1

4.1
Springfield area
4.2

Chicopee city, 4.5

MA 4.5

Holyoke city, 5.4

MA 5.6

Springfield city, 6.4

MA 6.9

Westfield city, 3.9

MA 3.8

0.0 2.0 4.0 6.0 8.0

Sep-16 Sep-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
Percent Change from Sep.
Springfield area employment
2.5 Sep. 2017 2016 to Sep. 2017
(numbers in thousands)
Number Percent
2.0 Total nonfarm 341.8 7.0 2.1
Mining, logging, and construction 13.2 1.4 11.9
Manufacturing 28.5 -0.2 -0.7
1.5
Trade, transportation, and utilities 61.5 1.8 3.0
Information 3.4 0.0 0.0
1.0 Financial activities 16.9 0.0 0.0
Professional and business services 28.6 1.8 6.7
0.5 Education and health services 82.7 2.7 3.4
Leisure and hospitality 29.9 -1.8 -5.7
Springfield area United States Other services 13.2 0.4 3.1
0.0
Sep-14 Sep-15 Sep-16 Sep-17 Government 63.9 0.9 1.4
Source: U.S. BLS, Current Employment Statistics. Source: U.S. BLS, Current Employment Statistics.

www.bls.gov/ro6
 Over-the-year change in the prices paid by urban Over-the-year changes in the selling prices received by
consumers for selected categories producers for selected industries nationwide
12-month percent change in CPI-U, September 2017 Percent 12-month percent changes in PPI
5.0
14.0 13.3
Northeast region 4.0 General freight trucking
12.0 U.S. city average Hospitals
10.1 3.0 Fabricated pipe and pipe fitting mfg
10.0
2.0
8.0
1.0
6.0
0.0
4.0
2.2 -1.0
1.9
2.0 1.1 1.2 -2.0
0.0 -3.0
All Items Food Energy
Source: U.S. BLS, Consumer Price Index. -4.0
Sep-14 Sep-15 Sep-16 Sep-17
Source: U.S. BLS, Producer Price Index.
Average annual spending and percent distribution for
selected categories
Northeast Region average annual expenditures 2016 Average hourly wages for selected occupations
Springfield United
Occupation
area States
Total, all occupations $24.41 $23.86
All other Housing
$12,270 General and operations managers 48.92 58.70
$21,462
20.2% 35.3% Registered nurses 35.70 34.70
Accountants and auditors 33.65 36.89
Construction laborers 24.41 18.22
Healthcare Customer service representatives 17.25 16.91
$4,655 Team assemblers 16.34 15.65
7.7%
Bus drivers, school or special client 15.66 14.96
Trans- Personal care aides 13.33 10.92
Personal portation
insurance & $8,128 Retail salespersons 13.30 13.07
pensions 13.4% Cooks, fast food 12.13 9.89
$7,110 Food
11.7% $7,159 Waiters and waitresses 11.51 11.73
11.8% Total:
$60,784 Cashiers 11.42 10.43
Source: U.S. BLS, Consumer Expenditure Survey. Source: U.S. BLS, Occupational Employment Statistics, May 2016.

Employer costs per hour worked for wages and Over-the-year changes in wages and salaries
selected employee benefits by geographic division 12-month percent changes in ECI
Percent
12.0
New England United
Private industry, June 2017 10.0
(1) States
Total compensation $40.29 $33.26 8.0
Wages and salaries 28.36 23.15
6.0
Total benefits 11.93 10.11
Paid leave 2.95 2.30 4.0
Vacation 1.54 1.19
1.13 2.0
Supplemental pay 1.18
Insurance 3.25 2.66 0.0
Retirement and savings 1.62 1.36 New England United States
Legally required benefits 2.98 2.61 -2.0
Sep-14 Sep-15 Sep-16 Sep-17
(1) New England includes CT, MA, ME, NH, RI, and VT.
Source: U.S. BLS, Employer Costs for Employee Compensation. Source: U.S. BLS, Employment Cost Index.

New England Information Office BLSinfoBoston@bls.gov https://www.bls.gov/regions/new-england 617-565-2327