Selected BLS Economic Indicators

Springfield, MA
This fact sheet presents recent employment and unemployment figures for the Springfield Metropolitan Statistical Area, The State of Massachusetts, and the United States. The Consumer Price Index (CPI) measures price changes or inflation for particular commodities and services at the retail level. The Producer Price Index (PPI) measures price changes or inflation for particular commodities and services at the wholesale level and is widely used by business firms as an escalator in long-term contracts. The Employment Cost Index (ECI) measures price changes or inflation of labor costs which includes wages and salaries and employer costs for employee benefits. The Occupational Employment Statistics (OES) program estimates occupational employment and wages for 22 major occupational groups and 801 detailed occupations in every state and metropolitan area. Data are not seasonally adjusted. Consumer Price Indexes (1982 - 84 = 100)
Index and area All Urban Consumers U.S. City Average Northeast Region Urban Wage Earners & Clerical Workers U.S. City Average Northeast Region 213.839 231.308 222.522 240.158 4.1 3.8 217.965 233.834 225.722 241.690 3.6 3.4 June 2010 June 2011 Percent change Total Compensation United States Northeast New England Wages and Salaries U.S. City Average Northeast New England Percent change 7.0 11.2 10.0 All occupations Management Business and financial operations $35,890 86,660 60,130 50,340 62,720 20,680 23,820 28,340 43,790 34,300 60,560 111.9 112.6 113.4 113.8 114.6 115.9 1.7 1.8 2.2 111.7 112.7 113.1 114.3 115.3 116.0 2.3 2.3 2.6

Employment Cost Indexes, private industry (December 2005 = 100)

Index and area June 2010 June 2011 Percent change

Producer Price Index, United States (1982 = 100)

Index Finished goods All commodities Industrial commodities June 2010 179.0 183.5 186.4 June 2011(p) 191.6 204.0 205.1

Median annual wages in Springfield

Occupational group May 2010

Unemployment levels, age 16 years and over

(in thousands) Area United States Massachusetts Springfield June 2010 14,885 298.5 32.7 June 2011(p) 14,409 273.8 31.3 Net change -476 -24.6 -1.5 Percent change -3.2 -8.3 -4.5

Education, training, and library Healthcare practitioner and technical Food preparation and serving related Sales and related Healthcare support Installation, maintenance, and repair Production Life, physical, and social science Note: All occupations include groups not shown separately.

Unemployment rates, United States, Massachusetts, and the Springfield Metropolitan Statistical Area June 2010 and 2011 (not seasonally adjusted)
Percent

Nonfarm payroll employment

(in thousands) Area June 2010 130,908 3,220.1 289.3 June 2011(p) 132,079 3,282.6 293.3 Net change 1,171.0 62.5 4.0 Percent change 0.9 1.9 1.4

10

9.6

9.3 8.5 7.8

9.3 8.9

United States Massachusetts Springfield

Payroll employment in Springfield by major industry sector

6
Industry (in thousands) June 2010 Total nonfarm Natural resouces mining construction Manufacturing Trade transportation and utilities Financial activities 289.3 10.0 31.7 57.1 16.0 23.0 57.9 49.4 June 2011(p) 293.3 11.4 31.4 57.8 16.1 22.4 57.1 48.9 Net change 4.0 1.4 -0.3 0.7 0.1 -0.6 -0.8 -0.5 Percent change 1.4 14.0 -0.9 1.2 0.6 -2.6 -1.4 -1.0

0
United States Massachusetts Springfield

Professional and business services Education and health services Government

2010

2011

p=preliminary Note: Total includes industries not shown separately.

Contact Information:
Telephone: (617) 565-2327 Fax: (617) 565-4182 Internet Address: www.bls.gov/ro1/home.htm E-mail Address: BLSinfoBoston@bls.gov

Mailing Address:
U.S. Department of Labor Bureau of Labor Statistics Economic Analysis & Information JFK Federal Building, Room E-310 Boston, MA 02203

The Northeast Census Region comprises Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, and Vermont. For more detailed information on Metropolitan Statistical Areas, please visit www.bls.gov/oes/current/msa_def.htm

Updated August 3, 2011