MANUFACTURING. April Manufacturing INDUSTRY PROFILE. Colorado WIOA Central Planning Region. P Colorado Central Planning Region

Transcription

1 MANUFACTURING April 2018 INDUSTRY PROFILE Colorado WIOA Central Planning Region cr P Colorado Central Planning Region

2 MANUFACTURING Background Geography in this profile is Colorado s Front Range. It includes Adams, Arapahoe, Boulder, Broomfield, Clear Creek, Denver, Douglas, El Paso, Gilpin, Jefferson, Larimer and Teller counties. The Front Range includes the metropolitan areas of Fort Collins, Boulder, Denver and Colorado Springs. The 12 counties that make up the Front Range have a combined labor force of 2,297,348, which is over 75% of Colorado s total labor force. The region is home to 145,953 business establishments. Weld County and the Greeley metro area are excluded from this report. The manufacturing sector employs 115,445 people, which is 5% of total employment along the Front Range. In 2017, Front Range manufacturers had total sales of nearly $44 billion, and the sector contributed 7.3% of the region s total Gross Regional Product. was the hardest hit industry in the nation during the recession, losing 4.5 million jobs nationwide. Along the Front Range, manufacturing lost over 15,400 jobs between 2008 and However, the sector is having a substantial resurgence, both nationally and in Colorado. Between 2011 and 2017, manufacturing employment grew 10.7%, adding 11,135 jobs, and 331 new payrolled business locations. Industry groups that added the most jobs between 2011 and 2017 were food manufacturing (2,515), beverage and tobacco product manufacturing (2,056), miscellaneous manufacturing, which includes medical equipment and supplies (1,700), plastics and rubber products manufacturing (1,187), nonmetallic minerals, including glass and cement manufacturing (1,181), and chemical manufacturing (1,053). This growth is expected to continue through 2023 with the manufacturing sector as a whole expected to add another 4,300 jobs. Historical Trends Historical Trends, Employment & Establishments, Colorado Central Planning Region 120, , , , ,000 95,000 90, ,400 4,300 4,200 4,100 4,000 3,900 3,800 3,700 Jobs Establishments $95,000 Historical Trends, All Industries, Worker Earnings, Colorado Central Planning Region $90,000 $85,000 $89,153 $80,000 $75,000 $70,000 $76,

3 MANUFACTURING Employment Concentrations This map shows the commute patterns of the manufacturing industry, within the Colorado Central Planning Region, by zip code. Highest In-Commutes Zip Code-City/County Net Commute Resident Workers Jobs Denver/Denver 9, , Denver/Denver 7, , Englewood/Arapahoe 7,138 1,959 9, Englewood/Arapahoe 6,299 1,881 8, Boulder/Boulder 5,213 1,560 6,773 Highest Out-Commutes Zip Code-City/County Net Commute Resident Workers Jobs Aurora/Arapahoe (3,681) 4, Aurora/Arapahoe (3,038) 3, Denver/Denver (2,373) 3, Aurora/Arapahoe (2,010) 2, Denver/Denver (1,925) 2, Source: EMSI QCEW Employees, Non-QCEW Employees & Self-Employed Class of Worker 2

4 MANUFACTURING Competitive Analysis This table shows employment within the Colorado Central Planning Region in the top 20 occupations in the sector. Regional wage ranges and the median wage are shown, with yellowed cells indicating where wage offers may have to fall to attract and retain qualified candidates based on labor supply (applicants per job opening). SOC Code Description Laborers & Freight, Stock & Material Movers, Hand # Jobs in industry 2,092 # Jobs across industries 28,817 Annual Openings 4,555 Available Applicants 971 Applicants Per Job Openings Median 10th Percentile 25th Percentile Average 75th Percentile 90th Percentile 2.56 $13.22 $9.49 $10.81 $13.99 $16.57 $ Team Assemblers 2,476 3, $14.77 $9.63 $11.47 $15.74 $18.73 $ Inspectors, Testers, Sorters, Samplers & Weighers 2,178 4,386 Packing & Filling Machine ,842 4, Operators & Tenders Assemblers & Fabricators, All Other 1,546 4, Industrial Truck & Tractor Operators 1,510 6, Machinists 2,763 3, $18.92 $9.73 $13.54 $20.27 $25.85 $ $14.23 $9.66 $11.27 $16.14 $20.20 $ $14.74 $10.14 $11.67 $15.98 $18.82 $ $16.47 $10.97 $13.30 $16.84 $19.82 $ $21.93 $12.74 $16.46 $23.13 $27.21 $31.82 Electrical & Electronic Equipment Assemblers 2,425 3, $16.46 $9.80 $12.26 $17.44 $21.41 $ Welders, Cutters, Solderers & Brazers 1,531 3, Electromechanical Equipment Assemblers 1,591 1, Sales Reps, Wholesale & , Except Technical & 3,510 26,928 3, Scientific Products First-Line Supervisors of Production ,196 5, & Operating Workers 3.26 $18.72 $13.99 $16.27 $20.10 $23.05 $ $16.31 $11.29 $13.35 $17.16 $20.38 $ $28.96 $14.59 $20.59 $34.27 $40.02 $ $29.09 $17.54 $21.90 $30.75 $37.63 $ Shipping, Receiving & Traffic Clerks 1,674 7, Accountants & Auditors 1,574 33,497 3,659 1, $15.11 $10.22 $12.43 $16.19 $19.11 $ $33.20 $21.12 $25.87 $37.51 $44.36 $ Printing Press Operators 1,466 2, $17.77 $11.37 $14.53 $18.56 $22.36 $ Business Operations Specialists, All Other 1,692 36,887 3,773 1, $36.29 $20.69 $26.92 $38.60 $47.41 $ General & Operations Managers 2,572 35,942 3,664 1,211 Software Developers, System ,950 13,956 1, Software Mechanical Engineers 1,669 5, Industrial Engineers 1,818 3, $54.63 $23.20 $34.42 $65.60 $85.05 $ $54.16 $37.22 $43.97 $57.77 $66.14 $ $41.87 $27.50 $33.38 $47.58 $55.29 $ $44.48 $27.57 $34.21 $45.93 $56.49 $68.31 Source: EMSI QCEW Employees, Non-QCEW Employees & Self-Employed Class of Worker 4

5 MANUFACTURING Industry Growth This table shows projected yearly job growth through The National Location Quotient shows the relative concentration of employment in this industry in the Colorado Central Planning Region versus the national average. For example, with a Location Quotient of 1.90, you would read, employment is 1.90 times more concentrated in the Colorado Central Planning Region than the national average. 16, ,000 12,000 10,000 8,000 6,000 4,000 14,622 13,067 6,068 6,611 8,659 7,989 9,487 10, , ,244 2, ,047 1, Jobs 2023 Jobs Electrical Equipment, Appliance & Component Food Primary Metal Apparel Chemical Machinery Transportation Equipment National Location Quotient Source: EMSI QCEW Employees, Non-QCEW Employees & Self-Employed Class of Worker

6 MANUFACTURING Difficult to Hire This chart shows the relationship between the number of job listings versus the number of hires for each of the top occupations in the sector. If there are more listings than hires, it suggests that there are not enough qualified people to fill all the jobs. If there are more hires than listings, it suggests there may be too many qualified people to fill too few jobs. Difficulty to Hire Very Easy Easy Medium Difficult Very Difficult Occupation (SOC) Avg Monthly Postings Avg Monthly Hires Hires Per Listing Packaging & Filling Machine Operators & Tenders Team Assemblers Electromechanical Equipment Assemblers Laborers & Freight, Stock & Material Movers, Hand , Welders, Cutters, Solderers & Brazers Printing Press Operators Assemblers & Fabricators, All Other Industrial Truck & Tractor Operators Shipping, Receiving & Traffic Clerks Electrical & Electronic Equipment Assemblers Business Operations Specialists, All Other Machinists Inspectors, Testers, Sorters, Samplers & Weighers General & Operations Managers Sales Reps, Wholesale &, Except Technical & Scientific Products , ,113 2, , Accountants & Auditors 1,375 1, Software Developers, System Software Mechanical Engineers First-Line Supervisors of Production & Operating Workers Industrial Engineers

7 MANUFACTURING Top Jobs Top Jobs Currently Listed in the Central Planning Region, Last 120 Days Volume Volume Prior Year Software Developers, Applications Network & Computer Systems Administrators Computer System Engineers/ Architects Industrial Engineers Marketing Managers Software Developers, Systems Software Information Security Analysts Computer User Support Specialists First-Line Supervisors of Production & Operating Workers Information Technology Project Managers Source: CEB Talent Neuron

8 MANUFACTURING Training Pipeline Here are the top 20 jobs in the industry, by number employed and educational attainment level. SOC Code Description 2018 Jobs Accountants & Auditors 33,497 Annual Openings 3,659 Regional Completions General & Operations Managers 35,942 3,664 8,850 5,186 Business Operations Specialists, All ,887 3, (3,752) Other Industrial Engineers Mechanical Engineers 3,025 5,220 3, , Surplus (Shortfall) (2,310) Software Developers, Systems Software 13,956 1,138 2, (242) Machinists 3, (285) Welders, Cutters, Solderers & Brazers Typical Entry Level Education Postsecondary certificate Postsecondary certificate Source: IPEDS Data Compiled by EMSI

9 MANUFACTURING Top Five Below are the top five essential skills, workplace skills, certifications and companies in the manufacturing industry. Core Skills 1 Oral & Written Communication Workplace Skills 1 Microsoft Office 2 Marketing 2 Linux 3 Product development 3 Java 4 Problem Solving 4 Python 5 Business Skills 5 Technical Support Certifications 1 2 Secret Clearance Top Secret Sensitive Compartmented Information (TS SCI) Companies 1 Spectrum 2 Lockheed Martin 3 Commercial Driver s License (CDL) 4 Certified Information Systems Security Professional (CISSP) 3 4 Northrop Grumman Creative Circle 5 DoD 8570 Certification 5 Terumo BCT Source: CEB Talent Neuron

10 MANUFACTURING Age Bands & Volume Age Bands It is helpful to know the age bands in a sector, because if there is a substantial percentage of people above 55 years old, it means there will be opportunity as retirements happen. Based on Age Distribution, Arapahoe/Douglas Works! has developed a way to measure the age gap in an industry by comparing the number of workers over age 45 to the number under age 34. Age gap is shown both as a percentage and a count % % % % % % % Source: EMSI QCEW, Non-QCEW & Self-Employed Annual Change Entering Labor Force Vacancies (Attrition + Growth) Annual Surplus/Shortfall 1,572 2,920 (1,347) 10

11 MANUFACTURING Produced by