Denver Association of Business Economists May 20, 2020 Jean Dougherty | Talent Pipeline Analyst & Lee Wheeler-Berliner | CWDC Managing Director
National Data
National April 2020 Employment Situation # of 18.1 mill Nonfarm Unemployment unemployed reported LFPR: 60.2% Payroll ell by rose to persons ( 2.5%) temporary 20.5 mill 14.7% from 15.9 mil layoffs to 23.1 mil Heavy job loss in 2 mill reported leisure & permanent job hospitality loss National Data
Unemployment Rate by Race/Ethnicity Black or African Hispanic or White American Asian Latino 14.2% 16.7% 14.5% 18.9% April 2020 National Data
Unemployment Rate Continued... April 2020 Adult Men Adult Women Teenagers 13% 15.5% 31.9% National Data
Labor Force # of part-time # of full-time Involuntary # not in labor persons fell by persons fell by part-time force but want doubled to a job 15 mill 7.4 mill 10.9 mill 9.9 mill Includes those who usually work full-time & those who usually work part-time National Data
National Employment Situation April 2020 Average Hourly Earnings rose by $1.34 to $30.01 This increase reflects the job loss among lower paid workers National Data
Colorado Data March 2020 Unemployment Rate 4.5%
Colorado Economic Outlook - Key points Confidence in Effectiveness Public Health & the Safety of of Federal Medical resuming Monetary & Considerations normal Fiscal Relief activities Economic Recovery May 2020 Economic Forecast
Models for Recession and Recovery May 2020 Economic Forecast
Tourism
Sources: CDLE & Colorado Counties Inc. OSPS Economic Forecast PPT & Report
Colorado Data
Colorado Data
Colorado Data
Colorado Data
Colorado Data
CO Job Postings | April 10-May 10, 2020 Compared to January 2020, April 2020 job postings have decreased 23% January: 305,906 vs April: 236,481 Job Postings EMSI Data Run 2020.2 Free Resource: https://www.economicmodeling.com/job- posting-dashboard/
CO Top 10 Posted Occupations Occupation (SOC) Unique Postings (Apr 2020) Registered Nurses 10,932 Heavy and Tractor-Trailer Truck Drivers 9,981 Software Developers, Applications 7,408 Retail Salespersons 5,526 First-Line Supervisors of Retail Sales Workers 4,947 Customer Service Representatives 4,801 Computer Occupations, All Other 4,531 Marketing Managers 3,519 Network and Computer Systems Administrators 3,250 First-Line Supervisors of Office and Administrative Support Workers 3,244 EMSI Data Run 2020.2
CO Top 10 Industries Posting Jobs Industry Unique Postings (Apr 2020) Administrative and Support and Waste Management and Remediation Services 36,453 Professional, Scientific, and Technical Services 26,175 Retail Trade 24,896 Health Care and Social Assistance 24,855 Accommodation and Food Services 14,346 Manufacturing 13,808 Information 13,599 EMSI Transportation and Warehousing 9,785 Data Run Finance and Insurance 9,321 2020.2 Educational Services 8,219
Top Posted Technical Skills April 2020 EMSI Data Run 2020.2
Top Posted Essential Skills April 2020 EMSI Data Run 2020.2
Top Posted Qualifications April 2020 Qualification Postings with Qualification Commercial Driver's License (CDL) 9,144 Certified Nursing Assistant 2,731 Licensed Practical Nurse 2,627 Master Of Business Administration (MBA) 2,578 Bachelor of Science in Nursing (BSN) 1,657 Certified Information Systems Security Professional 1,232 Project Management Professional Certification 1,080 CompTIA Security+ 1,036 EMSI Nurse Practitioner 1,020 Data Run Associates Degree In Nursing 929 2020.2 EMSI Data Run 2020.2
Strada Education Public Viewpoint
Strada Public Viewpoint Strada Education Public Viewpoint
Resources COVID-19 Case Data Visualizations ● https://onwardco.org/ ● https://covid19.colorado.gov/ ● BLS Employment Situation (National Data) ● EMSI Job Posting Dashboard ● Colorado LMI Gateway ● March 2020 Employment Situation ○ Economic Recovery Resources & Business News ● Governor’s Council on Economic Stabilization and Growth ● ● OSPS Economic Forecast ○ PPT ○ Full Report https://coloradomaskproject.com/ ● ● State Demographer’s Office COVID -19 Map Series*** Social Vulnerability Index ○ Strada Education Public Viewpoint ●
Thank you Comments or Questions?
Jean Dougherty | Talent Pipeline Analyst CDHE & CWDC jean.dougherty@state.co.us
Implications and Actions Lee Wheeler-Berliner
Phases of Response ● Supporting immediate needs Donec risus dolor porta venenatis 01 01 ● Lorem ipsum dolor sit amet at nec Stay at home ○ Financing Pharetra luctus felis ● at adipiscing Proin in tellus felis volutpat ● Individual support ○ ● Supporting re-opening 02 02 ● Donec risus dolor porta venenatis Lorem ipsum dolor sit amet at nec Safer at home Guidance ○ ● Pharetra luctus felis at adipiscing ● Proin in tellus felis volutpat ○ Short-term flexibility Support hiring and getting back to ● work ● Donec risus dolor porta venenatis 03 03 Lorem ipsum dolor sit amet at nec Looking ahead ● Pharetra luctus felis ○ Long-term flexibility at adipiscing ● Proin in tellus felis volutpat Alignment of needs ○
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