January 2017 INDUSTRY PROFILE for Arapahoe & Douglas Counties Colorado WIOA Central Planning Region
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 2015. 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.
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 21,817 878 0.52 Jefferson County, CO 19,097 500 0.92 Boulder County, CO 17,994 636 1.15 Adams County, CO 14,533 484 0.83 Larimer County, CO 13,773 496 1.00 Arapahoe County, CO 8,832 470 0.31 Broomfield County, CO 5,161 115 1.60 Douglas County, CO 2,824 155 0.27 Clear Creek County, CO 28 9 0.10 Gilpin County, CO 26 4 0.06 Source: EMSI 2016.3 QCEW Employees, Non-QCEW Employees & Self-Employed Class of Worker 2
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 41-4012 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 $63.15 17-2141 Mechanical Engineers 304 5,390 304 140 0.46 $44.36 $27.10 $33.11 $41.06 $54.18 $68.37 49-9041 Industrial Machinery Mechanics 193 3,216 193 96 0.50 $27.07 $14.87 $19.94 $26.43 $32.20 $40.18 17-2112 Industrial Engineers 128 2,613 128 68 0.53 $45.05 $27.59 $34.95 $43.87 $54.88 $65.13 15-1133 Software Developers, System Software 333 10,790 333 194 0.58 $52.31 $32.72 $41.83 $51.49 $61.92 $74.57 51-4041 Machinists 179 3,132 179 110 0.61 $21.76 $12.95 $16.46 $21.55 $26.98 $30.86 51-9111 Packing & Filling Machine Operators & Tenders 209 3,817 209 134 0.64 $15.85 $9.48 $10.84 $13.70 $19.21 $27.81 51-2092 Team Assemblers 205 4,226 205 148 0.72 $15.31 $9.91 $11.48 $14.34 $17.93 $22.59 51-9061 Inspectors, Testers, Sorters, Samplers & Weighers 162 3,394 162 119 0.73 $20.86 $10.95 $14.90 $19.28 $25.81 $32.57 51-4121 13-2011 51-1011 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 $26.97 0.96 $36.42 $20.67 $25.76 $33.14 $43.26 $56.05 1.26 $29.63 $17.52 $22.11 $28.29 $35.39 $44.81 Electrical & Electronic 51-2022 Equipment Assemblers 65 2,852 65 100 1.53 $16.95 $10.22 $11.94 $15.45 $20.60 $26.82 53-7062 139 1.442 123 1,191 3,112 29,342 4,426 24,000 139 1,442 123 1,191 109 1,379 155 1,824 1.53 $13.68 $9.12 $10.32 $12.63 $15.88 $19.87 51-2023 Electromechanical Equipment Assemblers 32 1,644 32 58 1.82 $17.12 $12.19 $15.09 $12.88 $15.56 $18.20 51-2092 General & Operations Managers 1,381 30,481 1,381 2,621 1.90 $64.77 $24.40 $35.58 $54.23 $84.55 $123.59 13-1199 Business Operations Specialists, All Other 780 32,723 780 1,538 1.97 $38.46 $20.21 $26.28 $35.93 $47.24 $61.41 43-4051 Customer Service Representatives 1,641 32,706 1,641 3,630 2.21 $17.48 $11.50 $13.53 $16.57 $20.55 $25.13 51-5112 43-5071 Printing Press Operators Shipping, Receiving & Traffic Clerks 31 226 1,995 7,479 Source: EMSI 2016.3 QCEW Employees, Non-QCEW Employees & Self-Employed Class of Worker 31 226 70 830 2.27 $17.36 $9.87 $13.77 $16.96 $20.90 $24.94 3.68 $16.23 $10.46 $12.57 $15.03 $18.98 $23.56 4
Industry Growth This table shows projected yearly job growth through 2021. 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 1.20 12,000 10,000 8,000 6,000 7,660 8,847 11,793 12,591 8,858 9,241 1.00 0.80 0.60 4,000 2,000 0 2,516 2,195 708 791 4,781 5,033 5,121 5,349 0.20 0.00 2016 Jobs 2021 Jobs Machinery Electrical Equipment, Appliance & Component Primary Metal Food Plastics & Rubber Products Chemical Miscellaneous National Location Quotient Source: EMSI 2016.3 QCEW Employees, Non-QCEW Employees & Self-Employed Class of Worker
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 42 352 8.48 Printing Press Operators 15 91 6.20 Team Assemblers 66 352 5.34 Laborers & Freight, Stock & Material Movers, Hand 524 2,407 4.59 Welders, Cutters, Solderers & Brazers 45 198 4.37 Electromechanical Equipment Assemblers 18 66 3.77 Shipping, Receiving & Traffic Clerks 145 474 3.27 Machinists 52 160 3.04 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 90 205 2.26 763 1,680 2.20 1,021 1,971 1.93 91 159 1.74 737 1,079 1.46 115 155 1.35 2,057 2,000 0.97 Accountants & Auditors 1,999 1,620 0.81 Software Developers, System Software 598 431 0.72 Mechanical Engineers 330 227 0.69 First-Line Supervisors of Production & Operating Workers 502 217 0.43 Industrial Engineers 678 104 0.15 6
Top Jobs Top Jobs Currently Listed in the Central Planning Region, Last 120 Days Industrial Engineers 17211200 303 Prior Year 204 First-Line Supervisors of Production & Operating Workers 51101100 186 Prior Year 143 Marketing Managers 11202100 175 Prior Year 151 Software Developers, Applications 15113200 136 Prior Year 176 Computer User Support Specialists 15115100 104 Prior Year 118 Electrical Engineer 17207100 100 Prior Year 52 Network & Computer Systems Administrators 15114200 99 Prior Year 203 Electrical Engineers, Except Computer 17207200 88 Prior Year 31 Maintenance & Repair Workers, General 49907100 86 Prior Year 73 Sales Managers 11202200 84 Prior Year 65 Sales Representatives, Wholesale &, Except Technical & Scientific Products 41401200 79 Prior Year 107 Software Developers, Systems Software 15113300 79 Prior Year 69 Computer System Engineers/ Architects 15119902 76 Prior Year 104 Customer Service Representatives 43405100 75 Prior Year 71 Computer Systems Analyst 15112100 72 Prior Year 57 First-Line Supervisors of Office & Administrative Support Workers 43101100 69 Prior Year 71 Source: Wanted Analytics Sales Representatives, Wholesale &, Technical & Scientific Products 41401100 64 Prior Year 98 Information Security Analysts 15112200 63 Prior Year 48 Accountants 13201101 59 Prior Year 56 Aerospace Engineers 17201100 59 Prior Year 10
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: 53-7062 2016 Jobs: 24,000 Annual Openings: 1,191 High School or equivalent Sales Representatives, Wholesale &, Except Technical & Scientific Products SOC Code: 41-4012 2016 Jobs: 23,183 Annual Openings: 722 Regional Completions: 75 Completers/Opening: 0.10 Customer Service Representatives SOC Code: 43-4051 2016 Jobs: 32,706 Annual Openings: 1,641 Shipping, Receiving & Traffic Clerks SOC Code: 43-5071 2016 Jobs: 7,479 Annual Openings: 226 Industrial Machinery Mechanics SOC Code: 49-9041 2016 Jobs: 3,216 Annual Openings: 193 First-Line Supervisors of Production & Operating Workers SOC Code: 51-1011 2016 Jobs: 4,426 Annual Openings: 123 Regional Completions: 1 Completers/Opening: 0.01 Electrical & Electronic Equipment Assemblers SOC Code: 51-2022 2016 Jobs: 2,852 Annual Openings: 65 Regional Completions: 4 Completers/Opening: 0.06 Electromechanical Equipment Assemblers SOC Code: 51-2023 2016 Jobs: 1,644 Annual Openings: 32 Team Assemblers SOC Code: 51-2092 2016 Jobs: 4,226 Annual Openings: 205 Machinists SOC Code: 51-4041 2016 Jobs: 3,132 Annual Openings: 179 Regional Completions: 82 Completers/Opening: 0.46 Welders, Cutters, Solderers & Brazers SOC Code: 51-4121 2016 Jobs: 3,112 Annual Openings: 139 Regional Completions: 708 Completers/Opening: 5.08 Printing Press Operators SOC Code: 51-5112 2016 Jobs: 1,995 Annual Openings: 31 Inspectors, Testers, Sorters, Samplers & Weighers SOC Code: 51-9061 2016 Jobs: 3,394 Annual Openings: 162 Packaging & Filling Machine Operators & Tenders SOC Code: 51-9111 2016 Jobs: 3,817 Annual Openings: 209 Bachelor s Degree General & Operations Managers SOC Code: 11-1021 2016 Jobs: 30,481 Annual Openings: 1,381 Regional Completions: 6,084 Completers/Opening: 4.40 Business Operations Specialists, All Other SOC Code: 13-1199 2016 Jobs: 32,723 Annual Openings: 780 Regional Completions: 50 Completers/Opening: 0.06 Accountants & Auditors SOC Code: 13-2011 2016 Jobs: 29,342 Annual Openings: 1,442 Regional Completions: 831 Completers/Opening: 0.58 Software Developers, Systems Software SOC Code: 15-1133 2016 Jobs: 10,790 Annual Openings: 333 Regional Completions: 1,035 Completers/Opening: 3.11 Industrial Engineers SOC Code: 17-2112 2016 Jobs: 2,613 Annual Openings: 128 Mechanical Engineers SOC Code: 17-2141 2016 Jobs: 5,390 Annual Openings: 304 Regional Completions: 721 Completers/Opening: 2.37 Source: IPEDS Data Compiled by EMSI 2016.3 8
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
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 65+ 4.6% 55-64 19.7% 45-54 26.7% 35-44 23.1% 25-34 20.0% 19-24 5.6% 14-18 0.5% Source: EMSI 2016.3 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 1,000 500 0 Source: Wanted Analytics 10
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