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1Labor Force & Economic Profile • Central Planning Region • 2017

Labor Force & Economic

ProfileCentral

Planning Region2017

Highlighting Arapahoe & Douglas Counties

C O L O R A D O

The Arapahoe/Douglas region, Metro Denver and Colorado all have significantly higher levels of educational attainment than the national average.

1Labor Force & Economic Profile • Central Planning Region • 2017Photo courtesy of Denver South Economic Development Partnership

Table of Contents

2

4

5

6-7

8

9

10-11

12-13

14

3

Background & High Quality Labor Force

Bachelor’s Degree by Field

Demographics

Housing

Employment Concentrations

Strong Economy

Fastest Growing Occupational Groups

Occupations with Largest Employment Growth

Job Growth by Industry

Geographic Distribution of Jobs

15 Unemployment Rates & Age Bands

16 Job Listing Volume

17 Education Gap & Confidence Measures

18-19 Commute Patterns

20 Workforce Center Locations

Background & High Quality Labor ForceBackgroundThis report was prepared on behalf of the Arapahoe/Douglas Workforce Investment Board. The Arapahoe/Douglas Workforce Investment Board is dedicated to identifying and promoting workforce development strategies to positively impact the economic well-being of Arapahoe and Douglas Counties. Our vision is sustainable employment through strategic investments in human capital that produce positive economic returns for business/industry and contribute to greater quality of life. It profiles the labor force and local economy in the ten-county Colorado Central Workforce Development Planning Region (CCPR), which includes Adams, Arapahoe, Boulder, Broomfield, Clear Creek, Denver, Douglas, Gilpin, Jefferson and Larimer counties. Emphasis is placed on the contribution of Arapahoe and Douglas counties, which together make up the southeast portion of the CCPR. The census data used is from the American Community Survey 2010 to 2015 5-Year Estimates. This is the data set used by the Colorado State Demography Office because it is available for all counties within Colorado, including counties with smaller populations, such as Clear Creek and Gilpin.

High Quality Labor ForceThe CCPR offers a sophisticated, well-trained labor force with educational attainment levels significantly above the national average. The table shows that bachelor’s degree attainment in the CCPR is 8.2% higher than the national average and attainment of graduate or professional degrees 4.8% higher.

Educational Attainment Population Over 25

United States 29.8%

86.7%

14.1%

4.4%

24.4%

23.0%

8.5%

26.0%

3.6%

Arapahoe Co

14.0%

5.4%

21.8%

22.5%

8.3%

24.1%

3.9%

Colorado

15.6%

3.5%

17.9%

22.1%

8.4%

29.9%

2.7%

Arapahoe/Douglas

18.8%

1.6%

12.9%

20.1%

8.1%

37.8%

0.7%

Douglas Co

Graduate or Prof. Degree

Bachelor’s Degree

Associate’s Degree

Some CollegeNo Degree

H.S. Graduate (includes equivalency)

9th-12th GradeNo Diploma

Less than 9th Grade

16.0%

5.1%

19.5%

21.1%

7.5%

26.7%

3.9%

Central Planning Region

11.2%

7.6%

27.8%

21.1%

8.1%

18.5%

5.7%

United States

42.8%90.9%

Central PlanningRegion

Colorado

CO Central Planning Region

40.1%92.0%

56.6%97.7%

High School Graduate or higher

45.5%93.9%

Bachelor’s Degree or Higher

38.1%90.7%Colorado


Metropolitan Denver Region Educational Attainment Levels, Population Over 25These figures show the number of people in Metro Denver and the Arapahoe/Douglas region over 25 years of age who have a bachelor’s, graduate or professional degree, and the field of degree. As well as being a leader in business and education degrees, the Arapahoe/Douglas region has 29.5% of the degrees in computer, mathematics and statistics (shown in table as Science & Engineering Related Fields), and 26.9% of the science and engineering degrees.

% of Central Planning Region

Arapahoe Co Douglas CoArapahoe/

DouglasCentral Planning

Region

50,2

37

321,

269

86,3

44

36,1

07

26.9%

Science & Engineering

60,6

177,

706

10,1

79

17,8

85

29.5%

Science & Engineering Related Fields

169,

570

61,1

85

33,2

74

27,9

11

36.1%

Business

56,9

056,

938

10,6

49

17,5

87

30.9%

Education

192,

985

51,4

84

31,8

00

19,6

84

26.7%

Arts, Humanities & Other

Bachelor’s Degree by Field

Demographics

Median Household Income

$63,265

% change since 2010 = -0.90%

$102,964

% change since 2010 = -4.60%

$76,212

% change since 2010 = -0.02%

$66,083

% change since 2010 = 0.20%

Arapahoe Co Douglas Co Arapahoe/Douglas Central Planning Region

Poverty Rate

11.2%% change since 2010 = -0.4%

4.0%% change since 2010 = 1.1%

8.9%% change since 2010 = 0.0%

12.1%% change since 2010 = -0.1%

Households

229,601% change since 2010 = 4.9%

111,113% change since 2010 = 12.5%

340,714% change since 2010 = 7.3%

1,274,021% change since 2010 = 6.3%

Population Population 16 Years and Over

608,310

10.0%

change since 2010

306,974

12.3%

change since 2010

915,284

10.8%

change since 2010

3,292,187

9.5%

change since 2010

311,498

11.1%

change since 2010

159,511

15.2%

change since 2010

471,009

12.5%

change since 2010

2,602,405

10.7%

change since 2010

Median Value Owner Occupied Homes

% change since 2010 = 6.6%

$247,600% change since 2010 = 4.7%

$354,700% change since 2010 = 6.6%

$288,529% change since 2010 = 6.6%

$277,682


HousingBuying a Home in the Central Planning RegionAffordable housing is a major factor in a region’s quality of life. Along with good schools, adequate healthcare, recreation and transportation, affordable housing is an integral part of a region’s ongoing economic vitality

These figures, from Trulia and Wells Fargo, are based on a 5% down payment, and a 28% debt-to-income ratio. Note that all debt, including student loan, mortgage and revolving credit balances count against this 28%.

This graphic shows industry groups with significant concentrations in the Arapahoe/Douglas region. Information includes telecommunications, broadcast cable, software publishing, data hosting and web portals. The professional, scientific & technical group includes computer systems design and related services, engineering services and testing laboratories. Employment in the management of companies and enterprises group reflects the numerous companies that have located headquarters near Centennial Airport, which is one of the busiest general aviation airports in the nation.

Employment Concentrations

Arapahoe/Douglas 36,565Central Planning Region 84,463Percent in A/D = 43.3%

Finance & Insurance

iArapahoe/Douglas 23,600Central Planning Region 58,952Percent in A/D = 40.0%

Information

Other Services (except Public Administration)



Construction


Admin & Support & Waste Management & Remediation Services


Health Care & Social Assistance


Arts, Entertainment & Recreation


Professional, Scientific & Technical Services

Management of Companies & Enterprises



Retail Trade



Manufacturing Transportation & Warehousing

Arapahoe/Douglas 5,105Central Planning Region 54,293Percent in A/D =9.4%


Government


Mining, Quarrying & Oil & Gas Extraction


Wholesale Trade


Real Estate & Rental & Leasing

Arapahoe/Douglas 531Central Planning Region 5,979Percent in A/D = 8.9%

Crop & Animal Production

Arapahoe/Douglas 359Central Planning Region 4,139Percent in A/D = 8.7%

Utilities

Accommodation & Food Services



Educational Services

Total EmploymentArapahoe/Douglas 490,952

Central Planning Region 1,943,083

Percent in Arapahoe/Douglas 25.3%

The Arapahoe/Douglas Area has a strong and diverse economy with 490,952 jobs that produce nearly $33.4 billion in worker earnings. This is 25.3% of jobs and 26.0% of worker earnings in the Central Planning Region. Gross Regional Product (GRP) for the two-county Arapahoe/Douglas area is $59.5 billion, which is 27.9% of GRP for the Central Planning Region.

Strong Economy


Fastest Growing Occupational GroupsThese tables show where there is likely to be the most occupational need in the next five years. This has implications for workforce development, economic development and postsecondary education leaders.

Janitors & Cleaners, Except Maids & Housekeeping Cleaners

2016 Jobs: 29,6112021 Jobs: 32,736

Change: 3,125% Change: 10.6%

Median Hourly Earnings: $11.49Typical Entry Level Education

Required: No formal education credential

Customer Service Representatives2016 Jobs: 32,9072021 Jobs: 36,726


Median Hourly Earnings: $16.57Typical Entry Level Education Required: High school diploma or

equivalent

Registered Nurses2016 Jobs: 32,9242021 Jobs: 37,114



Required: Bachelor’s degree

Personal Care Aides2016 Jobs: 18,8682021 Jobs: 22,627




Retail Salesperson2016 Jobs: 56,7972021 Jobs: 60,304




Occupations with Largest Employment Growth

Combined Food Preparation & Serving Workers, Including Fast Food

2016 Jobs: 46,5772021 Jobs: 52,552





General & Operations Managers

2016 Jobs: 30,4402021 Jobs: 33,261




Secretaries & Administrative Assistants, Except Legal,

Medical, & Executive2016 Jobs: 42,8212021 Jobs: 45,721



Required: High school diploma or equivalent

Office Clerks, General2016 Jobs: 31,6672021 Jobs: 34,785


Median Hourly Earnings: $17.38Typical Entry Level Education Required: High school diploma or

equivalent

Accountants & Auditors2016 Jobs: 29,4742021 Jobs: 32,363




Photo courtesy of Denver South Economic Development Partnership

Job Growth by IndustryThis table is sorted by the number of new jobs projected through 2021. In Arapahoe and Douglas counties, the healthcare sector employed 45,954 people in 2016. The sector grew 8.2% between 2014 and 2016. The healthcare sector surpassed government for most jobs in the county in 2015, and by 2016 had added over 3,500 jobs.


This table is sorted by the number of new jobs projected through 2021. The healthcare, professional, scientific and technical services sectors are projected to add the most jobs in the region.

Projected job growth between 2016 and 2017 in the Arapahoe/Douglas region is 2.8%, which is higher than projected growth in the Colorado Central Planning Region as a whole.

Geographic Distribution of Jobs

In 2016 Douglas County employment grew at the same rate as overall employment in the CCPR, and is projected to grow 0.94 times faster through 2017. Employment in Arapahoe County grew three tenths of one percent slower than overall employment in the CCPR in 2016, and is expected to grow at the same rate in 2017.

Highest Job Growth 2015-2016

Highest Projected Percent Change for Job Growth 2016-2017

1.8%

Boulder

1.9%

Larimer

2.8%

Adams

-0.5%

Gilpin

3.0%

Broomfield

4.2%

Douglas

2.2%

Arapahoe

1.9%

Denver

1.5%

Clear Creek

1.5%

Jefferson

13.7%

Gilpin

3.6%

Adams

3.5%

Boulder

3.4%

Jefferson

3.4%

Denver

3.4%

Douglas

3.1%

Arapahoe

3.1%

Broomfield

3.0%

Larimer

1.8%

Clear Creek


The table below shows the number of workers in each age band by industry group. The table has been sorted by the highest percentages of workers over age 45. This type of analysis can be valuable because industry groups that have higher numbers of mature workers may need to plan more aggressively around pending retirements, particularly in key positions. Industry groups with 50% or more workers over 45 years old may need to be especially concerned.

In October 2015, the unemployment rate in Colorado was 1.4% below that of the United States. In October 2016, this gap remained constant at 1.4%.

Unemployment Rates & Age Bands

Job Listing VolumeThe table shows job listing volume from CEB’s Help Wanted Online (HWOL). HWOL is a real-time labor market analytical tool that aggregates non-duplicated job listings from the internet. The pie chart shows a declining trend in the number of jobs listed in the most recent quarter versus the same period last year.

Central Planning Region Online Job Posting

Job Listing Volume

2015

201692,062 91,445 77,053October November December

96,552 95,614 79,421October November December


Education Gap & Confidence Measures

An important part of keeping the local economy robust and growing involves cooperation of industry leaders around managing the labor force to ensure firms have a steady supply of skilled labor in the training pipeline. Sector efforts that convene leaders, human resources executives and operational experts around the concept of strategic labor force management have proven highly successful in helping job seekers get the training they need to enter sustainable employment, and employers in filling critical positions.

Confidence MeasuresThe Leeds School of Business, located at the University of Colorado at Boulder, publishes reports on expectations for state and national economies and its Business Confidence Index each quarter. Results of the most recent surveys are shown below.

Education Gap

Commute PatternsThe ten-county area that makes up metro Denver is a ‘labor shed,’ which is defined as that area within which people are willing to commute to work. In Arapahoe County, for instance, 168,606 residents commute to other counties within metro Denver to work. An increasing number of people now hold jobs that allow them to work from home. In the United States, the percent of people working from home increased from 4.3% to 4.5% between 2009 and 2014. In metro Denver, that number increased from 6.2% in 2009 to 6.6% in 2013. In Douglas County, an estimated 10.2% of the workforce worked from home in 2014.


Commute Patterns by County, Central Planning RegionThe graphic below puts commute patterns between counties in metro Denver into sharper relief. The greater metro Denver area must always be considered when profiling the local labor force and economy because the population that lives in one county rarely has all of the skills needed by employers doing business within that county. Workers that best fit the skills needed must be imported from other counties within the region, other states, and even other countries.

COMMUTING INTO COUNTY

Adams66.3%

Broomfield87.9%

Clear Creek79.1%

Denver70.5%

Gilpin89.2%

Arapahoe65.6%

Boulder50.2%

Douglas64.2%

Jefferson58.2%

Larimer36.6%

COMMUTING OUT OF COUNTY

Jefferson65.5%

Arapahoe63.5%

Denver52.3%

Larimer36.3%

Boulder41.5%

Clear Creek87.2%

Adams71.8%

Broomfield86.2%

Douglas75.4%

Gilpin75.1%

Centennial - Regional Workforce CenterLima Plaza Campus6974 S. Lima StreetCentennial, CO 80112Ph: 303.636.1160Fax: 303.636.1250TTY: 303.636.1207

CentrePoint - Aurora Workforce CenterCustomers of Arapahoe County Parents to Work! Program only CentrePoint Plaza 14980 East Alameda DriveAurora, CO 80012

Aurora Workforce CenterAltura Plaza 15400 E. 14th Place, Ground LevelAurora, CO 80011Ph: 303.636.2014

Workforce Center Locations

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Prepared by the Arapahoe/Douglas Workforce Development Board

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