Economic Recovery SnapshotWeek of July 20, 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 27, 2020, there were 40,241 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 5,455 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 129,669 55%

High school or GED 36,390 16%

Associate's degree 11,286 5%

Bachelor's degree 65,814 28%

Master's degree 16,619 7%

Ph.D. or professional degree 4,548 2%

Minimum Experience Unique Postings % of Total

No experience listed 126,173 54%

0 - 1 Years 38,003 16%

2 - 3 Years 39,901 17%

4 - 6 Years 21,898 9%

7 - 9 Years 4,836 2%

10+ Years 3,720 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 Skills

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.

Job TitleUnique

Postings

Software Engineers 2,570

Truck Drivers 2,256

Registered Nurses 2,101

Customer Service Representatives 2,051

Commercial Driver's License (CDL) Drivers 1,846

Retail Sales Associates 1,779

Unknown 1,724

Warehouse Workers 1,675

Sales Representatives 1,420

Delivery Drivers 1,356

Sales Managers 1,177

Project Managers 1,032

Systems Engineers 965

Administrative Assistants 964

Sales Managers 905

Product Managers 862

Maintenance Mechanics 825

Restaurant Crew Team Members 786

Restaurant Managers 735

Accountants 718

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

Source: EMSI Job Posting Analytics

Skill or QualificationUnique

Postings

Communications 43,643

Management 32,816

Customer Service 27,099

Sales 26,072

Operations 22,088

Leadership 21,287

Detail Oriented 14,618

Problem Solving 13,417

Presentations 12,320

Valid Driver's License 11,198

Innovation 10,621

Microsoft Excel 9,846

Written Communication 9,584

Research 9,437

Microsoft Office 9,087

Interpersonal Communications 8,954

Verbal Communication Skills 8,798

Coordinating 8,605

Troubleshooting (Problem Solving) 8,411

Accounting 7,649

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

Source: EMSI Job Posting Analytics

By Industry & Company

Industry Sector (2-Digit)Unique

Postings

Percent

Change Over

Last 30 Days

Administrative and Support and Waste Management

and Remediation Services20,354 1.5%

Unclassified Industry 17,077 8.3%

Professional, Scientific, and Technical Services 16,795 2.2%

Retail Trade 14,210 (0.7%)

Health Care and Social Assistance 12,063 (4.5%)

Information 8,418 (11.3%)

Manufacturing 7,576 1.1%

Educational Services 7,322 (28.2%)

Accommodation and Food Services 6,985 3.0%

Transportation and Warehousing 5,547 22.7%

Finance and Insurance 5,190 (8.1%)

Construction 3,904 (7.9%)

Other Services (except Public Administration) 3,172 (3.1%)

Real Estate and Rental and Leasing 3,050 (3.4%)

Public Administration 2,617 3.7%

Wholesale Trade 2,108 (4.7%)

Arts, Entertainment, and Recreation 663 (10.2%)

Utilities 453 (55.1%)

Mining, Quarrying, and Oil and Gas Extraction 379 (4.8%)

Agriculture, Forestry, Fishing and Hunting 297 (10.0%)

Management of Companies and Enterprises 219 7.4%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

Robert Half International Inc. 1,355 17.5%

Spectrum 1,310 -20.2%

Oracle Corporation 1,298 2.4%

Amazon.com, Inc. 1,002 -13.2%

Lockheed Martin Corporation 916 6.6%

Centura Health 780 -14.6%

Scl Health - Front Range, Inc. 774 22.5%

Charter Communications, Inc. 657 -4.5%

Kelly Services, Inc. 656 11.8%

Centurylink, Inc. 656 -36.4%

Aerotek, Inc. 652 5.7%

The Home Depot 634 -20.6%

Growing People and Companies 617 -4.8%

Adams 12 Five Star Schools 538 5.1%

HCA Holdings, Inc. 538 15.0%

Army National Guard 505 8.6%

University of Colorado 495 -17.2%

Soliant Health, Inc 491 -13.6%

Cynet Systems Inc. 452 -0.4%

Starbucks Corporation 446 77.0%Source: EMSI Job Posting Analytics

Top 20 Companies Posting Jobs, Last 30 Days

Greater Metro Denver