Economic Perspective

BLS.BLOGMSEC has prepared this Economic Perspective summary to assist the decision makers of member organizations. The economic data contained in these charts represents a summary of the most commonly watched economic and compensation indicators. These data from the Bureau of Labor Statistics can be used in conjunction with MSEC’s compensation and personnel practices surveys in order to provide a more complete picture. Refer to MSEC’s various surveys for information on average pay increase projections, turnover rates, cost of benefits, average salaries for close to 3,500 jobs, and insured and paid time off benefits.

 

Figures reported are from the Current Population Survey (Federal Method)

Unemployment Rate

Weekly Hours (MFG.)

Hourly Earnings (MFG.)

Phoenix-Mesa-Scottsdale, AZ

Latest Date (11/15) N

Latest Figure/Year Ago

5.0/5.6

42.2/40.8

18.40/17.53

Arizona

Latest Date (11/15) N

Latest Figure/Year Ago

5.8/6.4

40.6/40.1

17.97/17.99

Denver-Aurora-Lakewood, CO

Latest Date (11/15) N

Latest Figure/Year Ago

3.2/4.0

40.7/40.8

32.03/28.81

Colorado

Latest Date (11/15) N

Latest Figure/Year Ago

3.4/4.1

40.3/39.9.6

26.89/25.18

Salt Lake City, UT

Latest Date (11/15) N

Latest Figure/Year Ago

2.9/3.1

37.8/39.9

19.46/18.85

Utah

Latest Date (11/15) N

Latest Figure/Year Ago

3.1/3.1

37.8/39.9

19.46/18.49

Cheyenne, WY≠

Latest Date (11/15) N

Latest Figure/Year Ago

3.8/4.7

Wyoming

Latest Date (11/15) N

Latest Figure/Year Ago

4.4/4.5

39.1/38.9

21.34/21.50

United States

Latest Date (12/15) A

Latest Figure/Year Ago

5.0/5.6

41.7(P)/42.1

20.11(P)/19.62

Economic Perspective(1)

CPI – Consumer Price Index*

 

CPI-W≠≠

CPI-U

Phoenix-Mesa, AZ

Latest Date (Jan-Jun 2015) N : Latest Figure/Year Ago

125.6/126.6

127.3/127.5

% Change

-0.8%

-0.2%

Denver-Boulder-Greeley, CO

Latest Date (Jan-Jun 2015) N : Latest Figure/Year Ago

228.1/226.3

238.1/235.7

% Change

+0.8%

+1.0%

United States

Latest Date (12/15) A : Latest Figure/Year Ago

232.2/231.5

237.8/236.3

% Change

+0.3%

+0.7%

 

ECI – Employment Cost Index

 

Wages & Salaries

Total Compensation

12 Months Ended 12/15 N

12 Months Ended 12/15 N

Private Industry Workers

2.1%

1.9%

  Manufacturing

2.7%

2.5%

  Service-providing Industries**

2.0%

1.7%

  Mountain Region***

2.8%

2.8%

State/Local Government Workers

1.8%

2.5%

≠ Weekly Manufacturing Hours and Hourly Manufacturing Earnings Data not available for Cheyenne, Wyoming.

* CPI data for Utah and Wyoming is not available.

≠≠ CPI-W Revised CPI for Urban Wage Earners & Clerical Workers

** Includes the following industries: wholesale trade; retail trade; transportation and warehousing; utilities; information; finance and insurance; real estate; rental and leasing; professional; scientific and technical services; management of companies and enterprises; administrative support; waste management and remediation services; education services; health care and social assistance; arts, entertainment, and recreation; accommodation and food services; and other services except public administration.

***Includes the states of Arizona, Colorado, Idaho, Montana, Nevada, New Mexico, Utah, and Wyoming.

 
 

DEFINITIONS/SOURCES

(1)           Bureau of Labor Statistics, U.S. Dept. of Labor
A     =     Seasonally Adjusted
C     =     Corrected
D    =     Reflects Revised population controls and model reestimation
E     =     Reflects inputs, reestimations, and new statewide controls
N    =     Not Seasonally Adjusted
P     =     Preliminary Data
R     =     Revised