Economic Recovery SnapshotWeek of July 6, 2020

Proactive Recovery

As we gradually return to work, the partnerships

we have forged over the last few years are more

important than ever.

In the face of pandemic and social unrest,

representatives from the Arapahoe/Douglas

Workforce Development Board,

Arapahoe/Douglas Works!, local and regional

economic development and chamber partners,

business and industry associations, educators and

other stakeholders are working together to ensure

a full economic recovery.

We cooperate so that our businesses can compete!

National Outlook

National unemployment in June 2020 went

down 2.2%, and total nonfarm payroll

employment rose by 4.8 million. However, at the

same time COVID cases are curving steeply

upward, and there were 1.4 million new

unemployment claims, a decrease of 55,000

from the week before, but still high.

June unemployment figures are not yet

available for Colorado, greater metro Denver, or

the two-county Arapahoe/Douglas area.

State & Metro Denver Outlook

Recovery Progression

These waterfall graphs show the downward trends week over week in both initial

unemployment claims and continued unemployment claims in Arapahoe and

Douglas counties. The fact that continued claims (left graph) have gone down five

weeks in a row suggests people are returning to work slowly.

For perspective, the week of June 13, 2020, there were 41,672 continuing

unemployment insurance claims in the two-county region.

Current Registrants at Arapahoe/Douglas Works!

Customer Base

These graphs show the Connecting Colorado registrants in greater metro Denver. These are people being

served by the workforce system in the region, including Arapahoe/Douglas Works!

Notes:

• There are presently 102,890 registrants in Connecting Colorado in greater metro Denver

• There is duplication because the system assigns up to four occupation codes, depending on skills

Current Supply/DemandThis graph shows the

number of registrants in

Connecting Colorado (blue

bars, same as the bar graph

on the last slide), and the

number of active unique job

postings by occupational

family during the last 30

days in greater metro

Denver.

By looking at the imbalances

– those areas where

demand exceeds supply, we

can stay informed about how

we can best target workforce

development funds to

optimize business-relevant

outcomes.

Continued Labor ShortagesThis graph is taken from the one on the last slide. It gives a stark view of the labor shortages being

experienced right now. It is difference between the point-in-time number of job seekers available through the

workforce system and unique active job postings in the last thirty days by occupation family. As a result of

discussions with several stakeholders, who felt the number of job listings over the past 30 days gives the

viewer a better perspective, the timeframe on listings was changed from the seven days reflected last week.

Computer Occupation Shortages

This bar graph shows the

same thing as the previous

slide, except that it drills down

into computer occupations,

which is the grouping with the

greatest labor shortage.

For example, we would read,

“In greater metro Denver,

there are 5,394 more job

postings for Software

Developers, Applications than

there are people to fill those

jobs.”

Job Posting Trends Over Time

Metro Denver

According to EMSI Developer’s

Job Posting Analytics, there were

147,748 unique active job

postings in greater metro Denver

in June 2020.

For perspective, the number of

job postings in the metro area

spiked July 2019 at 213,965.

The average number of unique

active postings through 2019 was

164,579, while the average in the

first half of 2020 has been

150,978. Note the number of job

postings have climbed in both

May and June.

Education/Experience Requirements

The percent of jobs requiring one year or less experience, including ‘unspecified,’ went

down one point from 69% in May to 68% in June. During that same time period, the

percent of open jobs requiring a Bachelor’s degree or higher moved up to 41% in June

from 38% in May. It is interesting to note that the requirement for a Bachelor’s degree or

more moved down to 73% in June from 78% in May, but in June 53% computer and

mathematics occupations posted required 2 or more years of experience.

Education Level Unique Postings % of Total

Unspecified 141,003 51%

High school or GED 46,542 17%

Associate's degree 15,235 5%

Bachelor's degree 86,696 31%

Master's degree 21,060 8%

Ph.D. or professional degree 5,850 2%

Minimum Experience Unique Postings % of Total

No experience listed 136,128 49%

0 - 1 Years 51,595 19%

2 - 3 Years 51,082 18%

4 - 6 Years 27,685 10%

7 - 9 Years 6,127 2%

10+ Years 4,458 2%

Education/Experience Breakdown

Source: EMSI Job Posting Analytics

Job Posting Details: Occupations

SOC OccupationUnique

Postings

Percent

Change

over Prior

30 Days

15-1132 Software Developers, Applications 5,965 3.3%

53-3032 Heavy and Tractor-Trailer Truck Drivers 4,983 14.1%

29-1141 Registered Nurses 4,307 (2.5%)

15-1199 Computer Occupations, All Other 3,485 3.0%

43-5081 Stock Clerks and Order Fillers 3,116 2.0%

41-2031 Retail Salespersons 2,919 (4.8%)

43-4051 Customer Service Representatives 2,905 (2.8%)

41-1011 First-Line Supervisors of Retail Sales Workers 2,726 1.8%

Nov-21 Marketing Managers 2,509 (0.9%)

15-1142 Network and Computer Systems Administrators 2,433 4.3%

13-2011 Accountants and Auditors 2,190 (1.2%)

Nov-22 Sales Managers 2,168 (3.0%)

43-1011 First-Line Supervisors of Office and Administrative Support Workers 2,004 (2.0%)

15-1151 Computer User Support Specialists 1,931 3.0%

49-9071 Maintenance and Repair Workers, General 1,753 1.7%

15-1121 Computer Systems Analysts 1,567 2.3%

11-1021 General and Operations Managers 1,562 3.2%

53-3033 Light Truck or Delivery Services Drivers 1,554 (12.2%)

53-7062 Laborers and Freight, Stock, and Material Movers, Hand 1,537 (3.9%)

13-1111 Management Analysts 1,424 0.2%Source: EMSI Job Posting Analytics

Top 20 Occupations Posted, Greater Metro Denver, Last 30 Days

Job Posting Details: Job Titles

And Top SkillsJob Title

Unique

Postings

Unknown (Unclassified) 2,700

Software Engineers 2,581

Truck Drivers 2,299

Registered Nurses 2,135

Customer Service Representatives 2,079

Retail Sales Associates 1,795

Commercial Driver's License (CDL) Drivers 1,756

Warehouse Workers 1,528

Sales Representatives 1,525

Delivery Drivers 1,356

Sales Managers 1,187

Project Managers 1,091

Systems Engineers 1,032

Administrative Assistants 1,004

Restaurant Crew Team Members 946

Sales Managers 938

Maintenance Mechanics 893

Product Managers 891

Restaurant Managers 874

Accountants 774

Top 20 Job Titles Posted, Greater Metro Denver, Last 30 Days

Source: EMSI Job Posting Analytics

Skill or QualificationUnique

Postings

Communications 44,288

Management 34,920

Customer Service 28,103

Sales 26,985

Operations 23,503

Leadership 22,833

Detail Oriented 15,612

Problem Solving 14,220

Presentations 12,986

Valid Driver's License 12,142

Innovation 11,230

Microsoft Excel 10,357

Written Communication 10,177

Research 10,079

Microsoft Office 9,596

Interpersonal Communications 9,257

Coordinating 9,121

Troubleshooting (Problem Solving) 8,891

Accounting 7,978

Auditing 7,546

Top 20 Skills Posted, Greater Metro Denver, Last 30 Days

Source: EMSI Job Posting Analytics

Note that ‘unknown’

was added here

because it suggests

that many employers

are listing positions with

skill, as opposed to title,

as the primary

consideration.

By Industry & Company

Industry Sector (2-Digit)Unique

Postings

Percent

Change Over

Last 30 Days

Administrative and Support and Waste Management

and Remediation Services21,450 5.3%

Unclassified Industry 18,057 13.5%

Professional, Scientific, and Technical Services 17,857 4.3%

Retail Trade 14,772 0.8%

Health Care and Social Assistance 12,464 (3.0%)

Information 9,705 0.5%

Manufacturing 8,136 5.8%

Accommodation and Food Services 7,587 5.2%

Educational Services 7,165 (36.0%)

Finance and Insurance 5,594 (3.7%)

Transportation and Warehousing 5,195 17.7%

Construction 4,212 (0.4%)

Other Services (except Public Administration) 3,406 (0.2%)

Real Estate and Rental and Leasing 3,163 (1.6%)

Public Administration 2,999 3.6%

Wholesale Trade 2,292 2.3%

Utilities 1,031 (2.4%)

Arts, Entertainment, and Recreation 744 (6.5%)

Mining, Quarrying, and Oil and Gas Extraction 394 (4.8%)

Agriculture, Forestry, Fishing and Hunting 327 (4.1%)

Management of Companies and Enterprises 210 8.8%Source: EMSI Job Posting Analytics

Unique Job Postings by Industry Sector, Last 30 Days

Greater Metro Denver

Company

Unique

Active

Postings

Percent

Change Over

Last 30 Days

Spectrum 1,518 -21.5%

Oracle Corporation 1,388 8.3%

Robert Half International Inc. 1,310 9.9%

Amazon.com, Inc. 1,270 -0.2%

Centurylink, Inc. 1,111 7.7%

Lockheed Martin Corporation 1,014 18.3%

Centura Health 815 -9.8%

Charter Communications, Inc. 725 28.5%

Scl Health - Front Range, Inc. 720 25.4%

Aerotek, Inc. 714 22.3%

The Home Depot 705 -13.2%

Growing People and Companies 701 1.2%

Kelly Services, Inc. 656 38.1%

Dish Network L.L.C. 652 14.2%

XCEL Energy Inc. 641 -0.2%

Adams 12 Five Star Schools 576 7.7%

University of Colorado 551 -13.8%

Army National Guard 510 6.9%

HCA Holdings, Inc. 508 8.1%

Soliant Health, Inc 502 -12.4%Source: EMSI Job Posting Analytics

Top 20 Companies Posting Jobs, Last 30 Days

Greater Metro Denver