To City of Canon City 25.4% To Colorado Springs 11.6%T o Pueblo … · 2018. 5. 15. · To City of...
Transcript of To City of Canon City 25.4% To Colorado Springs 11.6%T o Pueblo … · 2018. 5. 15. · To City of...
Upper Arkansas Workforce RegionLabor Market Information
Colorado was the 3rd fastest growing State between 2010 and 2014, with a cumulative population growth of 6.50%.
In terms of employment growth, Colorado also outpaced the nation by a wide margin. However, the Upper Arkansas Workforce Region saw only a 1.3% increase in its job base, lagging both Colorado and the U.S. as a whole. Economically, Colorado is ranked as the 5th fastest growing state in the nation in Gross domestic product growth.
Labor Market Information (LMI) in the Colorado Department of Labor and Employment collects and analyzes information about labor market trends throughout Colorado. Data are presented in a variety of ways: industry employment and wages, current and projected industry and occupation levels, occupational wages, and labor force employment and wages. LMI conducts various research projects and assists workforce centers and others with customized regional information requests.
Dee Funkhouser Colorado Department of Labor and Employment Labor Market Information (303) 318-8865 www.colmigateway.com
Area 2014Population
2010-2014Population
Change
2014Employment
Year Over YearEmployment
Growth 2013-14
October 2015 unemployment
rate State of Colorado 5,355,866 6.50% 2,417,769 3.50% 3.80%
Chaffee 18,363 3.10% 6,999 2.90% 3.00%
Custer 4,361 2.50% 874 6.80% 2.90%Fremont 46,502 -0.70% 12,757 -0.50% 5.20%Park 16,354 0.90% 2,215 3.50% 2.90%Source: LMI, QCEW & LAUS; Colorado State Demography Office.
Source: LED, Quarterly Workforce Indicators (QWI)
Source: LED, OnTheMap
Local Employment Dynamics
To City of Canon City 25.4% To Colorado Springs 11.6% To Pueblo 8.3%
Fremont County
19-21 22-24 25-34 35-44 45-54 55-64
0
500
1000
1500
2000
2500
3000
3500
4000
4500
5000
2013 Q3 2013 Q4 2014 Q1 2014 Q2 2014 Q3
Upper Arkansas Labor Force
0
20
40
60
80
100
120
140
160
2013 Q1 2013 Q2 2013 Q3 2013 Q4 2014 Q1 2014 Q2 2014 Q3
19-21 22-24 25-34 35-44 45-54 55-64
Upper Arkansas Arts, Entertainment, and Recreation
Fremont County’s workers travel far and wide for their jobs. While many work within the county, almost 20% travel to either Colorado Springs or Pueblo for work. Over 30% travel more than 50 miles for work.
The age distribution of the region’s workforce is fairly well balanced among age groups. The largest category is the 45-54 year olds, but the 25 – 34 and 35 – 44 age cohorts are quite well represented as well. However, there aren’t very many workers under the age of 25.
When looking at only the Arts, Entertainment & Recreation industry, the QWI data provide insights into the age of workers, skewing much younger as expected, as well as the seasonality of this industry. This is a region with substantial tourism activity, but without a major ski area. Thus, the seasonal peak is in summer rather than winter.
Upper Arkansas Counties Top Ten Industry Sectors by Employment
Sector Emp.
Public Administration 3,704
Health Care & Social Assistance 2,289
Retail Trade 1,630
Accommodation & Food Services 1,002
Educational Services 915
Construction 574
Manufacturing 533
Transportation & Warehousing 318
Arts, Entertainment & Recreation 295
Other Services 238
Fremont County [12,757]
Sector Emp.
Retail Trade 117
Public Administration 107
Accommodation & Food Services 105
Construction 97
Health Care & Social Assistance 87
Manufacturing 51
Arts, Entertainment & Recreation 36
Professional & Technical Services 32
Other Services 26
Agriculture, Forestry, Fishing & Hunting 21
Custer County [874]*
Sector Emp.
Accommodation & Food Services 1,186
Retail Trade 974
Public Administration 862
Health Care & Social Assistance 846
Construction 538
Educational Services 525
Arts, Entertainment & Recreation 479
Finance & Insurance 239
Wholesale Trade 229
Professional & Technical Services 228
Chaffee County [6,999]
Sector Emp.
Public Administration 396
Educational Services 367
Accommodation & Food Services 313
Construction 263
Retail Trade 216
Administrative & Waste Services 104
Professional & Technical Services 97
Other Services 79
Wholesale Trade 79
Manufacturing 73
Park County [2,215]
ChaffeeArts, Entertainment
&Recreation5.1
CusterAgriculture, Forestry,
Fishing & Hunting3.13
FremontHealth Care & Social
Assistance1.71
ParkConstruction
3.26
Location QuotientsMeasures the concentration of an industry’s employment in a specified area versus the reference area of the US as a whole. Data are from 2014.
Local Economic Comparisons
Upper Arkansas Occupations
Industries
Fastest Growing Occupation Groups and 2014 Wages
Occupation Title Employment Average Hourly Wage
Average Annual Wage
Annual Percent Change 2014-2024
Construction & Extraction 1,196 $19.14 $39,818 2.47%
Art,Design,Entertainment, Sports & Media 253 $16.48 $34,280 1.79%
Building & Grounds Maintenance 1,035 $12.64 $26,300 1.60%
Sales & Related 2,233 $13.59 $28,274 1.46%
Healthcare Practitioners & Technical 1,373 $30.43 $63,289 1.32%
Installation, Maintenance & Repair 1032 $20.99 $43,652 1.27%
Computer & Mathematical 211 $30.48 $63,394 1.25%
Legal 116 $34.52 $71,804 1.22%
Healthcare Support 632 $13.24 $27,547 1.21%
Education, Training & Library 1,182 $19.44 $40,427 1.20%
Area Average Weekly Wage
Per capita personal
income, 2014
Cost of Living
State of Colorado $1,071 $48,869 100.0
Chaffee $631 $35,391 96.4
Custer $549 $39,355 94.2
Fremont $707 $29,266 92.2
Park $633 $36,899 100.0
Occupational Projections: 2014-2024
Annual Avg. Openings Due to Replacement Annual Avg. Openings Due to Growth
0 10 20 30 40 50 60 70 80 90
Transporta�on and Material MovingSales and RelatedProtec�ve Service
Produc�onPersonal Care and Service
Office and Administra�ve SupportManagement
Life, Physical, and Social ScienceLegal
Installa�on, Maintenance, and RepairHealthcare Support
Healthcare Prac��oners and TechnicalFood Prepara�on and Serving Related
Farming, Fishing, and ForestryEduca�on, Training, and Library
Construc�on and Extrac�onComputer and Mathema�cal
Community and Social ServicesBusiness and Financial Opera�ons
Building and Grounds Cleaning and MaintenanceArts, Design, Entertainment, Sports, and Media
Architecture and Engineering
Confiden�al
Confiden�al
Top industries within the region’s counties reflect their economic base. Fremont County’s correctional facilities result in a high number of Public Administration employees, as well as Health Care and Social Assistance. In Chaffee County, Accommodation & Food Services along with Retail Trade indicates its tourism activity. Custer and Park counties both have relatively low wage & salary employment bases so top industries are dominated by public sector jobs.
Wages, Income and Cost of Living Comparison
Source: LMI - 2014 QCEW Annual Data.
Source: BLS Location Quotient Calculator. Source: LMI - Occupational Employment Projections Unit.
Source: LMI - Occupational Employment Projections Unit.
Source: Average Weekly Wage: 2014 QCEW Per caita Personal Income: U.S. Department of Commerce, Bureau of Economic AnalysisCost of Living: Colorado Legislative Council Cost of Living Index.