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Labor Market Information Joseph Winter Supervisor Current Employment Statistics and Local Area Unemployment Statistics Todd Nielsen Regional Economist.

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Presentation on theme: "Labor Market Information Joseph Winter Supervisor Current Employment Statistics and Local Area Unemployment Statistics Todd Nielsen Regional Economist."— Presentation transcript:

1 Labor Market Information Joseph Winter Supervisor Current Employment Statistics and Local Area Unemployment Statistics Todd Nielsen Regional Economist – Eastern Region

2 Economic Horoscope for Colorado Colorado was declared a state on Aug 1, 1876. Star sign: Leo Characteristics: (Colorado) is colorful, self assured, and expansive.

3 Economic Horoscope for Eastern Region 2005 Leo: Your talents are varied. You're valued for your potential -- and you'll certainly live up to it -- but pause to be sure it's what you really want. As goes the Dollar, so may agricultural exports. Oil and gas add high value positions As Denver Metro lost 75,000 jobs (02-03), Eastern gained 468 jobs (1.3%)

4 2005 Statewide Projections from Colorado Business Economic Outlook (In Millions of Dollars) LivestockCropsTotal Value 2005$ 3,491.0$ 1,367.0$ 4,858.0 % change 04-05 4.15%1.11%3.27% Source: Business Research Division, Leeds School of Business, University of Colorado at Boulder

5 2005 Statewide Projections from Colorado Business Economic Outlook (In Millions of Dollars) Value of Services & Forestry Gov’t Payments Gross Value of Farm Rev. 2005$ 660.0$ 250.0$ 5,768.0 % change 04-05 1.54%-6.72%1.00% Source: Business Research Division, Leeds School of Business, University of Colorado at Boulder

6 QCEW-Top Sectors Industry Mix

7 Labor Market Information Eastern Region Job Vacancy Survey Highlights Labor Force Long Term Outlook

8 Eastern JVS Conducted August 4-15, 2004 Total of 767 employers Representing 54% of regional non-farm employment Estimated: 249 job vacancies Average wage of $12.00 per hour

9 Historical Vacancies

10 Education

11 Experience

12 Vacancies & Wages by Employer Size

13 Vacancies & Avg. Wage by JVS Sectors

14 Hot Jobs

15 Major Occupational Groups

16 Eastern Region Workforce

17 Long Term Outlook Employment is closely related to population.

18 QCEW by Pop. 1990-2003

19 QCEW by Pop. 1990-2014

20 Population and Employment

21 Long Term Outlook Employment to population relationship trend over the next ten years YearPopulationCovered Employment 2004112,00036,700 2009122,40040,100 2014135,40044,200

22 Final Thought Remember: Your talents are varied, you're valued for your potential -- and you'll certainly live up to it -- but pause to be sure it's what you really want.

23 Contact Information Joseph Winter Supervisor CES/LAUS Colorado Dept of Labor 1515 Arapahoe T/2 #300 Denver, CO 80202 303-318-8857 Fax: 303-318-8871 Joseph.winter@state.co.us Todd Nielsen Regional Economist Colorado Dept of Labor 1515 Arapahoe T/2 #300 Denver, CO 80202 303-318-8895 Fax: 303-318-8899 Todd.nielsen@state.co.us


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