Sunday, October 29, 2006

Employment Report for Grand County, Colorado -- Annual 2005 Industry Summary

Arts, entertainment, and recreation saw the largest loss of employment between the years 2001-2005 in Grand County. The sector faced a loss of 198 total jobs during the period, accounting for 18.3 percent of industry's employment. The industry declines made up 45.5 percent of all county employment losses since 2001.

Grand County ranks 27 of 65 total Counties compared to other Counties in State of Colorado in terms the size of total employment in 2005. This ranking has moved up during the time of 2001 and 2005. The County, in the year 2001, was ranked 25 of 65 Counties.

In Grand County, Accommodation and food services, Arts, entertainment, and recreation, and the Retail Trade sectors are the largest industries, in terms of total number of jobs in 2005. The Accommodation and food services produces the largest number of jobs in the area accounting for 27.8 percent of total employment in the county, making up 1,582 jobs. The Arts, entertainment, and recreation and Retail Trade sectors account for 15.6 and 14.8 percent of industry employment.

Arts, entertainment, and recreation has a largest number of employee per establishment in Grand County. In the County, the industry averages 25 employees per business. This is greater than the industry's national average of 16 and greater than the State of Colorado average establishment size of 17 for the Arts, entertainment, and recreation industry.

In Grand County, Arts, entertainment, and recreation, Real estate and rental and leasing and Accommodation and food services have the highest US LQ in 2005. The Arts, entertainment, and recreation sector has a United State LQ of 9.21. This means the percent of total employment in the Arts, entertainment, and recreation industry is 9.21 times the percent of the national average, This signifies that Grand specializes in Arts, entertainment, and recreation.

Finance and insurance has grown in employment, since the year 2001, more than any other industry in Grand County, growing in new jobs by 22 percent. This is greater than the United States change in the sector jobs of 4.8 percent. The State of Colorado had an industry job change of 4.4 percent, during the period.





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

 

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