MANUFACTURING. January Manufacturing INDUSTRY PROFILE. for Arapahoe & Douglas Counties Colorado WIOA Central Planning Region

Transcription

1 January 2017 INDUSTRY PROFILE for Arapahoe & Douglas Counties Colorado WIOA Central Planning Region

2 Background is vital to a strong Colorado economy, and has great growth potential. Colorado manufacturers are highly innovative and use advanced processes to serve diverse sectors across the Colorado economy - from electronics and consumer products to clean energy systems, aerospace vehicles and medical devices. leaders in the state are also global leaders in advanced materials, as well as food manufacturing and beverage processing. Momentum is building in Colorado around the opportunities for innovation and the creation of highly-skilled, high paying jobs in advanced manufacturing. The industry is diverse and geographically disbursed across the state, with over 5,900 manufacturing firms, more than 120,000 employees, and $16.3 billion in annual economic output. Global shifts in the manufacturing landscape are putting Colorado at the forefront of bringing advanced manufacturing back to the United States. Colorado is focused on job creation in manufacturing through focused recruitment of new manufacturers and the identification of business-to-business opportunities for existing manufacturers. Courtesy of Colorado Office of Economic Development & International Trade Rankings Business Insider ranked Colorado s economy the third best in the country, based on recent change in housing prices, nonfarm payroll growth, unemployment rate, GDP per capita, average weekly wage, and state government surplus and deficit. Forbes ranked Metro Denver sixth of fastest growing cities in Factors that earned us this standing included our 4 percent unemployment rate 2.66 percent job growth rate. According to Money magazine, Denver is the best city to live in the West. The ranking called Metro Denver a mecca for millennials and that the city has relatively affordable real estate and great access to recreation. WalletHub ranked three Metro Denver cities among the best in the country for first-time home buyers: Centennial ranked third, Longmont ranked ninth, and Thornton ranked 10th.

3 Employment Concentrations This map show where the highest concentration of employment are in the manufacturing sector, by county, within the Colorado Central Planning Region. Top Employment Concentrations by County County 2016 Jobs Business Establishments National Location Quotient Denver County, CO 21, Jefferson County, CO 19, Boulder County, CO 17, Adams County, CO 14, Larimer County, CO 13, Arapahoe County, CO 8, Broomfield County, CO 5, Douglas County, CO 2, Clear Creek County, CO Gilpin County, CO Source: EMSI QCEW Employees, Non-QCEW Employees & Self-Employed Class of Worker 2

4 Competitive Analysis This table shows employment within metro Denver 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 Sales Reps, Wholesale &, Except Technical & Scientific Products Total Number Jobs (in industry) 722 Total Number Jobs (across industries) 23,183 Annual Openings 722 Available Applicants 230 Applicants Per Job Openings Median 10th Percentile 25th Percentile Average 75th Percentile 90th Percentile 0.32 $34.31 $13.59 $19.88 $28.07 $40.01 $ Mechanical Engineers 304 5, $44.36 $27.10 $33.11 $41.06 $54.18 $ Industrial Machinery Mechanics 193 3, $27.07 $14.87 $19.94 $26.43 $32.20 $ Industrial Engineers 128 2, $45.05 $27.59 $34.95 $43.87 $54.88 $ Software Developers, System Software , $52.31 $32.72 $41.83 $51.49 $61.92 $ Machinists 179 3, $21.76 $12.95 $16.46 $21.55 $26.98 $ Packing & Filling Machine Operators & Tenders 209 3, $15.85 $9.48 $10.84 $13.70 $19.21 $ Team Assemblers 205 4, $15.31 $9.91 $11.48 $14.34 $17.93 $ Inspectors, Testers, Sorters, Samplers & Weighers 162 3, $20.86 $10.95 $14.90 $19.28 $25.81 $ Welders, Cutters, Solderers & Brazers Accountants & Auditors First-Line Supervisors of Production & Operating Workers Laborers & Freight, Stock & Material Movers, Hand 0.78 $19.42 $13.50 $15.99 $18.43 $22.24 $ $36.42 $20.67 $25.76 $33.14 $43.26 $ $29.63 $17.52 $22.11 $28.29 $35.39 $44.81 Electrical & Electronic Equipment Assemblers 65 2, $16.95 $10.22 $11.94 $15.45 $20.60 $ ,191 3,112 29,342 4,426 24, , , , , $13.68 $9.12 $10.32 $12.63 $15.88 $ Electromechanical Equipment Assemblers 32 1, $17.12 $12.19 $15.09 $12.88 $15.56 $ General & Operations Managers 1,381 30,481 1,381 2, $64.77 $24.40 $35.58 $54.23 $84.55 $ Business Operations Specialists, All Other , , $38.46 $20.21 $26.28 $35.93 $47.24 $ Customer Service Representatives 1,641 32,706 1,641 3, $17.48 $11.50 $13.53 $16.57 $20.55 $ Printing Press Operators Shipping, Receiving & Traffic Clerks ,995 7,479 Source: EMSI QCEW Employees, Non-QCEW Employees & Self-Employed Class of Worker $17.36 $9.87 $13.77 $16.96 $20.90 $ $16.23 $10.46 $12.57 $15.03 $18.98 $

5 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 metro Denver area versus the national average. For example, with a Location Quotient of 3.75, you would read, employment is 3.75 times more concentrated in metro Denver than the national average. 14, ,000 10,000 8,000 6,000 7,660 8,847 11,793 12,591 8,858 9, ,000 2, ,516 2, ,781 5,033 5,121 5, Jobs 2021 Jobs Machinery Electrical Equipment, Appliance & Component Primary Metal Food Plastics & Rubber Products Chemical Miscellaneous National Location Quotient Source: EMSI QCEW Employees, Non-QCEW Employees & Self-Employed Class of Worker

6 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 Printing Press Operators Team Assemblers Laborers & Freight, Stock & Material Movers, Hand 524 2, Welders, Cutters, Solderers & Brazers Electromechanical Equipment Assemblers Shipping, Receiving & Traffic Clerks Machinists Inspectors, Testers, Sorters, Samplers & Weighers Business Operations Specialists, All Other General & Operations Managers Industrial Machinery Mechanics Sales Reps, Wholesale &, Except Technical & Scientific Products Electrical & Electronic Equipment Assemblers Customer Service Representatives , ,021 1, , ,057 2, Accountants & Auditors 1,999 1, Software Developers, System Software Mechanical Engineers First-Line Supervisors of Production & Operating Workers Industrial Engineers

7 Top Jobs Top Jobs Currently Listed in the Central Planning Region, Last 120 Days Industrial Engineers Prior Year 204 First-Line Supervisors of Production & Operating Workers Prior Year 143 Marketing Managers Prior Year 151 Software Developers, Applications Prior Year 176 Computer User Support Specialists Prior Year 118 Electrical Engineer Prior Year 52 Network & Computer Systems Administrators Prior Year 203 Electrical Engineers, Except Computer Prior Year 31 Maintenance & Repair Workers, General Prior Year 73 Sales Managers Prior Year 65 Sales Representatives, Wholesale &, Except Technical & Scientific Products Prior Year 107 Software Developers, Systems Software Prior Year 69 Computer System Engineers/ Architects Prior Year 104 Customer Service Representatives Prior Year 71 Computer Systems Analyst Prior Year 57 First-Line Supervisors of Office & Administrative Support Workers Prior Year 71 Source: Wanted Analytics Sales Representatives, Wholesale &, Technical & Scientific Products Prior Year 98 Information Security Analysts Prior Year 48 Accountants Prior Year 56 Aerospace Engineers Prior Year 10

8 Training Pipeline Here are the top 20 jobs in the industry, by number employed and educational attainment level. Less than high school Laborers & Freight, Stock & Material Movers, Hand SOC Code: Jobs: 24,000 Annual Openings: 1,191 High School or equivalent Sales Representatives, Wholesale &, Except Technical & Scientific Products SOC Code: Jobs: 23,183 Annual Openings: 722 Regional Completions: 75 Completers/Opening: 0.10 Customer Service Representatives SOC Code: Jobs: 32,706 Annual Openings: 1,641 Shipping, Receiving & Traffic Clerks SOC Code: Jobs: 7,479 Annual Openings: 226 Industrial Machinery Mechanics SOC Code: Jobs: 3,216 Annual Openings: 193 First-Line Supervisors of Production & Operating Workers SOC Code: Jobs: 4,426 Annual Openings: 123 Regional Completions: 1 Completers/Opening: 0.01 Electrical & Electronic Equipment Assemblers SOC Code: Jobs: 2,852 Annual Openings: 65 Regional Completions: 4 Completers/Opening: 0.06 Electromechanical Equipment Assemblers SOC Code: Jobs: 1,644 Annual Openings: 32 Team Assemblers SOC Code: Jobs: 4,226 Annual Openings: 205 Machinists SOC Code: Jobs: 3,132 Annual Openings: 179 Regional Completions: 82 Completers/Opening: 0.46 Welders, Cutters, Solderers & Brazers SOC Code: Jobs: 3,112 Annual Openings: 139 Regional Completions: 708 Completers/Opening: 5.08 Printing Press Operators SOC Code: Jobs: 1,995 Annual Openings: 31 Inspectors, Testers, Sorters, Samplers & Weighers SOC Code: Jobs: 3,394 Annual Openings: 162 Packaging & Filling Machine Operators & Tenders SOC Code: Jobs: 3,817 Annual Openings: 209 Bachelor s Degree General & Operations Managers SOC Code: Jobs: 30,481 Annual Openings: 1,381 Regional Completions: 6,084 Completers/Opening: 4.40 Business Operations Specialists, All Other SOC Code: Jobs: 32,723 Annual Openings: 780 Regional Completions: 50 Completers/Opening: 0.06 Accountants & Auditors SOC Code: Jobs: 29,342 Annual Openings: 1,442 Regional Completions: 831 Completers/Opening: 0.58 Software Developers, Systems Software SOC Code: Jobs: 10,790 Annual Openings: 333 Regional Completions: 1,035 Completers/Opening: 3.11 Industrial Engineers SOC Code: Jobs: 2,613 Annual Openings: 128 Mechanical Engineers SOC Code: Jobs: 5,390 Annual Openings: 304 Regional Completions: 721 Completers/Opening: 2.37 Source: IPEDS Data Compiled by EMSI

9 Top Five Below are the top five core skills, workplace skills, certifications and companies in the manufacturing industry. Core Skills 1 Oral & Written Communication 2 Microsoft Office 3 Detail Oriented 4 Marketing 5 Self-starting, Self-motivated Workplace Skills 1 Remote Sensing 2 Technical Support 3 Business Systems 4 C/C++ 5 Quality Assurance (QA) Certifications 1 Top Secret Sensitive Compartmented Information (TS SCI) 2 Driver s License 3 Commercial Driver s License (CDL) 4 Food Safety Programs (HACCP) 5 Occupational Safety & Health Administration Certfication (OSHA) Companies 1 Lockheed Martin 2 Ball Aerospace 3 Medtronic 4 MillerCoors 5 Coorsteck, Inc. Source: Wanted Analytics

10 Age Bands & 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. Listing % % % % % % % Source: EMSI QCEW, Non-QCEW & Self-Employed This graph shows the week over week volume of listings in the Colorado Central Planning Region. 3,000 2,500 2,000 1,500 1, Source: Wanted Analytics 10

11 Scan code to view report online