MANUFACTURING April 2018 INDUSTRY PROFILE Colorado WIOA Central Planning Region cr P Colorado Central Planning Region
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 2008-2009 recession, losing 4.5 million jobs nationwide. Along the Front Range, manufacturing lost over 15,400 jobs between 2008 and 2010. 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 120,000 115,000 110,000 105,000 100,000 95,000 90,000 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 4,400 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 $76,392 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
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 80202-Denver/Denver 9,947 945 10,892 80116-Denver/Denver 7,140 800 7,940 80112-Englewood/Arapahoe 7,138 1,959 9,097 80111-Englewood/Arapahoe 6,299 1,881 8,180 80301-Boulder/Boulder 5,213 1,560 6,773 Highest Out-Commutes Zip Code-City/County Net Commute Resident Workers Jobs 80013-Aurora/Arapahoe (3,681) 4,246 565 80015-Aurora/Arapahoe (3,038) 3,752 714 80233-Denver/Denver (2,373) 3,357 984 80016-Aurora/Arapahoe (2,010) 2,824 814 80219-Denver/Denver (1,925) 2,744 819 Source: EMSI QCEW Employees, Non-QCEW Employees & Self-Employed Class of Worker 2
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 53-7062 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 $19.23 51-2092 Team Assemblers 2,476 3,813 573 128 2.69 $14.77 $9.63 $11.47 $15.74 $18.73 $23.79 51-9061 Inspectors, Testers, Sorters, Samplers & Weighers 2,178 4,386 Packing & Filling Machine 51-9111 2,842 4,496 620 151 Operators & Tenders 51-2099 Assemblers & Fabricators, All Other 1,546 4,230 552 142 53-7051 Industrial Truck & Tractor Operators 1,510 6,959 886 234 51-4041 Machinists 2,763 3,499 440 118 619 148 2.87 $18.92 $9.73 $13.54 $20.27 $25.85 $31.41 2.93 $14.23 $9.66 $11.27 $16.14 $20.20 $25.31 3.10 $14.74 $10.14 $11.67 $15.98 $18.82 $23.31 3.17 $16.47 $10.97 $13.30 $16.84 $19.82 $23.42 3.22 $21.93 $12.74 $16.46 $23.13 $27.21 $31.82 Electrical & Electronic Equipment 51-2022 Assemblers 2,425 3,021 376 102 3.25 $16.46 $9.80 $12.26 $17.44 $21.41 $26.79 51-4121 Welders, Cutters, Solderers & Brazers 1,531 3,353 415 113 51-2023 Electromechanical Equipment Assemblers 1,591 1,902 230 64 Sales Reps, Wholesale & 41-4012, Except Technical & 3,510 26,928 3,095 907 Scientific Products First-Line Supervisors of Production 51-1011 3,196 5,039 567 170 & Operating Workers 3.26 $18.72 $13.99 $16.27 $20.10 $23.05 $28.26 3.35 $16.31 $11.29 $13.35 $17.16 $20.38 $24.23 3.52 $28.96 $14.59 $20.59 $34.27 $40.02 $60.33 3.59 $29.09 $17.54 $21.90 $30.75 $37.63 $47.28 43-5071 Shipping, Receiving & Traffic Clerks 1,674 7,850 881 264 13-2011 Accountants & Auditors 1,574 33,497 3,659 1,128 3.60 $15.11 $10.22 $12.43 $16.19 $19.11 $23.34 3.70 $33.20 $21.12 $25.87 $37.51 $44.36 $57.83 51-5112 Printing Press Operators 1,466 2,150 234 72 3.71 $17.77 $11.37 $14.53 $18.56 $22.36 $27.11 13-1199 Business Operations Specialists, All Other 1,692 36,887 3,773 1,242 3.95 $36.29 $20.69 $26.92 $38.60 $47.41 $60.31 51-2092 General & Operations Managers 2,572 35,942 3,664 1,211 Software Developers, System 15-1133 1,950 13,956 1,138 470 Software 17-2141 Mechanical Engineers 1,669 5,220 423 176 17-2112 Industrial Engineers 1,818 3,025 242 102 3.96 $54.63 $23.20 $34.42 $65.60 $85.05 $122.66 4.96 $54.16 $37.22 $43.97 $57.77 $66.14 $80.85 4.99 $41.87 $27.50 $33.38 $47.58 $55.29 $72.84 5.06 $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
MANUFACTURING Industry Growth This table shows projected yearly job growth through 2023. 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 0.60 14,000 12,000 10,000 8,000 6,000 4,000 14,622 13,067 6,068 6,611 8,659 7,989 9,487 10,269 0.50 0.40 0.30 0.20 2,000 0 2,244 2,539 746 817 1,047 1,142 0.10 0.00 2018 Jobs 2023 Jobs Electrical Equipment, Appliance & Component Food Primary Metal Apparel Chemical Machinery Transportation Equipment National Location Quotient Source: EMSI 2016.3 QCEW Employees, Non-QCEW Employees & Self-Employed Class of Worker
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 43 441 10.26 Team Assemblers Electromechanical Equipment Assemblers Laborers & Freight, Stock & Material Movers, Hand 37 304 8.22 12 76 6.33 567 2,958 5.22 Welders, Cutters, Solderers & Brazers 42 204 4.86 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 22 102 4.64 135 517 3.83 169 616 3.64 168 504 3.00 52 144 2.77 786 1,871 2.38 71 159 2.24 127 269 2.12 1,113 2,332 2.10 812 1,224 1.51 Accountants & Auditors 1,375 1,780 1.29 Software Developers, System Software 604 528 0.87 Mechanical Engineers 315 206 0.65 First-Line Supervisors of Production & Operating Workers 429 249 0.58 Industrial Engineers 641 117 0.18 6
MANUFACTURING Top Jobs Top Jobs Currently Listed in the Central Planning Region, Last 120 Days Volume Volume Prior Year Software Developers, Applications 15113200 Network & Computer Systems Administrators 15114200 Computer System Engineers/ Architects 15119902 573 339 516 549 446 273 Industrial Engineers 17211200 Marketing Managers 11202100 Software Developers, Systems Software 15113300 Information Security Analysts 15112200 373 317 326 179 285 179 282 222 Computer User Support Specialists 15115100 First-Line Supervisors of Production & Operating Workers 51101100 Information Technology Project Managers 15119909 179 174 174 231 164 131 Source: CEB Talent Neuron
MANUFACTURING Training Pipeline Here are the top 20 jobs in the industry, by number employed and educational attainment level. SOC Code Description 2018 Jobs 13-2011 Accountants & Auditors 33,497 Annual Openings 3,659 Regional Completions 11-1021 General & Operations Managers 35,942 3,664 8,850 5,186 Business Operations Specialists, All 13-1199 36,887 3,773 21 (3,752) Other 17-2112 17-2141 51-4121 Industrial Engineers Mechanical Engineers 3,025 5,220 3,353 423 415 1,349 0 930 715 Surplus (Shortfall) (2,310) 15-1133 Software Developers, Systems Software 13,956 1,138 2,078 940 (242) 51-4041 Machinists 3,499 440 155 (285) Welders, Cutters, Solderers & Brazers 242 570 300 Typical Entry Level Education Postsecondary certificate Postsecondary certificate Source: IPEDS Data Compiled by EMSI 2016.3 8
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
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. 65+ 4.7% 55-64 20.7% 45-54 25.2% 35-44 22.2% 25-34 21.0% 19-24 5.8% 14-18 0.5% Source: EMSI 2018.1 QCEW, Non-QCEW & Self-Employed Annual Change Entering Labor Force Vacancies (Attrition + Growth) Annual Surplus/Shortfall 1,572 2,920 (1,347) 10
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