Waco Area Economic Summary - Bureau of Labor …

The Bureau of Labor Statistics of the U.S. Department of Labor is the principal Federal agency responsible for measuring labor market activity, working conditions, and price changes in the economy.

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May area Employer Waco area West South Central United States

The Bureau of Labor Statistics of the U.S. Department of Labor is the principal Federal agency responsible for measuring labor market activity, working conditions, and price changes in the economy.

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May area Employer Waco area West South Central United States

Updated June 29, 2022
Average weekly wages for all industries by county
Waco area, fourth quarter 2021
(U.S. = $1,418; Area = $1,093)
Source: U.S. BLS, Quarterly Census of Employment and Wages.
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.
Waco Area Economic Summary
Unemployment rates for the nation and selected 
areas
Over-the-year changes in employment on nonfarm payrolls and employment by major industry sector
3.3
3.9
2.7
3.4
3.8
3.4
4.9
5.4
4.1
4.9
5.7
5.5
0.0
2.0
4.0
6.0
McLennan Co.
Falls Co.
Austin area
Waco area
Texas
United States
May-21
May-22
Source: U.S. BLS, Local Area Unemployment Statistics.
Unemployment rates
-15.0
-10.0
-5.0
0.0
5.0
10.0
15.0
May-19
May-20
May-21
May-22
Waco area
United States
Source: U.S. BLS, Current Employment Statistics.
12-month percent changes in employment
Number Percent
Total nonfarm
129.8
7.1
5.8
Mining, logging, and construction
8.6
0.6
7.5
Manufacturing
15.6
0.6
4.0
Trade, transportation, and util ities
23.3
0.9
4.0
Information
0.9
0.0
0.0
Financial activities
8.0
0.5
6.7
Professional and business services
13.0
0.7
5.7
Education and health services
22.8
1.6
7.5
Leisure and hospitality
13.6
1.2
9.7
Other services
3.7
0.2
5.7
Government
20.3
0.8
4.1
Source: U.S. BLS, Current Employment Statistics.
May 2022
Change from May 
2021 to May 2022
Waco area employment
(number in thousands)
Over-the-year change in the prices paid by urban 
consumers for selected categories
Over-the-year changes in the selling prices received by 
producers for selected industries nationwide
Average hourly wages for selected occupations
Over-the-year changes in wages and salaries
Southwest Information Office • BLSinfoDallas@bls.gov • https://www.bls.gov/regions/southwest • 972-850-4800
Average annual spending and percent distribution 
for selected categories
Employer costs per hour worked for wages and 
selected employee benefits by geographic division
9.9
11.7
39.4
8.6
10.1
34.6
0.0
5.0
10.0
15.0
20.0
25.0
30.0
35.0
40.0
45.0
All items
Food
Energy
West South Central
U.S. city average
Source: U.S. BLS, Consumer Price Index.
12-month percent change in CPI-U, May 2022
Housing
$19,029
34.1%
Trans-
portation
$9,745
17.5%
Food
$6,477
11.6%
Personal 
insurance 
& pensions
$6,591
11.8%
Healthcare
$5,098
9.1%
All other 
items
$8,857
15.9%
South average annual expenditures, 2020
Source: U.S. BLS, Consumer Expenditure Survey.
Total: 
$55,797
Occupation
Waco area
United 
States
All occupations
$22.68 $28.01
Human resources managers
57.75
65.67
Registered nurses
35.69
39.78
Accountants and auditors
35.32
40.37
Construction laborers
15.96
21.22
Retail salespersons
14.22
15.35
Cooks, fast food
11.51
12.25
Source: U.S. BLS, Occupational Employment and Wage Statistics, May 2021.
Private industry,
March 2022
West South 
Central (1)
United 
States
Total compensation
$34.38
$38.61
   Wages and salaries
25.02
27.19
   Total benefits
9.36
11.42
      Paid leave
2.40
2.88
         Vacation
1.21
1.47
      Supplemental pay
1.32
1.37
      Insurance
2.16
2.93
      Retirement and savings
1.01
1.33
      Legally required benefits
2.47
2.91
Source: U.S. BLS, Employer Costs for Employee Compensation.
(1) The states that compose the West South Central census division are: AR, 
LA, OK, and TX.
0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
Mar-19
Mar-20
Mar-21
Mar-22
West South Central
United States
Source: U.S. BLS, Employment Cost Index.
12-month percent changes in ECI
-10.0
0.0
10.0
20.0
30.0
40.0
May-19
May-20
May-21
May-22
General freight trucking
Hospitals
Offices of physicians
Source: U.S. BLS, Producer Price Index.
12-month percent changes in PPI