Friday, February 23, 2007

Denver County Five-Year Industry Employment Change

Total employment has decreased by 9 percent from the reported values in 2001. These values are greater than percent in Colorado, which went through a gain of 0.1 percent since 2001 ( 2nd Quarter). The losses the area experienced were greater than than the gain felt at the national level of 2.6 percent.

Denver County Five-Year Percentage Decline in Employment

The Other leather product manufacturing industry has lost the largest amount of employment in terms of percentage, losing 96.3 percent from 2001 (Q2) to 2006 (Q2). The losses of the area have declined slower than the industry sector has gone through in the Colorado, where the industry sector experienced a gain of . percent. The losses in the Other leather product manufacturing industry in Denver County outpaced the United States industry losses overall. During this period, the United States lost 42.8 percent in terms of employees in the Other leather product manufacturing industry.

Top 5 Industries
1. Other leather product manufacturing (96.3 percent decline)
2. Semiconductor and electronic component mfg. (89.8 percent decline)
3. Waste collection (84.8 percent decline)
4. Wireless telecommunications carriers (84.5 percent decline)
5. Utility system construction (82.8 percent decline)

Denver County Five-Year Percentage Growth in Employment

The Natural gas distribution industry has witnessed the largest percentage of employment expansion, increasing by 320.1 percent from 2001 to 2006. This industry in Denver County has added employment faster than the growth seen in the industry for Colorado, where the industry felt a gain of 18.6 percent. The Natural gas distribution industry in Denver County outpaced the United States, which experienced a lost 9.7 percent.

Top 5 Industries
1. Natural gas distribution (320.1 percent gain)
2. Unclassified (285.7 percent gain)
3. Other general merchandise stores (175.1 percent gain)
4. Highway, street, and bridge construction (164.3 percent gain)
5. Nonscheduled air transportation (153.7 percent gain)

Total Five-Year Employment Decline in Denver County

The Wired telecommunications carriers industry experienced most substantial job loss, losing 4,193 jobs during the period. The employment lost in the Wired telecommunications carriers industry make up 8.4 percent of the total employment decline in Denver County, Colorado.

Top 5 Industries
1. Wired telecommunications carriers (4,193 jobs lost)
2. Scheduled air transportation (3,093 jobs lost)
3. Computer systems design and related services (2,673 jobs lost)
4. Employment services (1,915 jobs lost)
5. Wireless telecommunications carriers (1,899 jobs lost)

Total Five-Year Employment Growth in Denver County

Out of the 4-digit NAICS industries, the Management of companies and enterprises industry has grown the most with 3,094 new jobs created in the period. The job growth in the Management of companies and enterprises industry makes up 17.4 percent of the growth in Denver County.

Top 5 Industries
1. Management of companies and enterprises (3,094 new jobs)
2. Other general merchandise stores (1,073 new jobs)
3. Oil and gas extraction (1,072 new jobs)
4. Colleges and universities (1,038 new jobs)
5. Limited-service eating places (1,027 new jobs)

In Denver County, Colorado, the aggregate employment for all industry sectors has decreased by 36,085 jobs between mid-2001 and mid-2006.

Out of the 206 industries (4-digit NAICS) with sufficient data reported by the Bureau of Labor Statistics (BLS) in each quarter, 138 reported job growth in the duration of the last five years and 68 industries reported a drop in employment.





About: This report is part 2 of 6 in the eCanned.com Industry Analysis Series.

Datasource: U.S. Department of Labor. Bureau of Labor Statistics. Quarterly Census of Employment and Wages (QCEW). Private Sector Employment Only.

 

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