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Denver Association of Business Economists
May 20, 2020
Jean Dougherty | Talent Pipeline Analyst & Lee Wheeler-Berliner | CWDC Managing Director
Denver Association of Business Economists May 20, 2020 Jean - - PowerPoint PPT Presentation
Denver Association of Business Economists May 20, 2020 Jean - - PowerPoint PPT Presentation
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
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National April 2020 Employment Situation
Nonfarm Payroll ell by 20.5 mill Unemployment rose to 14.7% # of unemployed persons from 15.9 mil to 23.1 mil 18.1 mill reported temporary layoffs LFPR: 60.2% ( 2.5%)
Heavy job loss in leisure & hospitality 2 mill reported permanent job loss
National Data
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Unemployment Rate by Race/Ethnicity
White
14.2%
Black or African American
16.7%
Asian
14.5%
Hispanic or Latino
18.9%
April 2020
National Data
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Unemployment Rate Continued...
Adult Men 13% Teenagers 31.9% Adult Women 15.5% April 2020
National Data
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Labor Force
# of full-time persons fell by 15 mill # of part-time persons fell by 7.4 mill Involuntary part-time doubled to 10.9 mill # not in labor force but want a job 9.9 mill
Includes those who usually work full-time & those who usually work part-time
National Data
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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
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Colorado Data
March 2020 Unemployment Rate 4.5%
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Colorado Economic Outlook - Key points
Public Health & Medical Considerations Confidence in the Safety of resuming normal activities
Effectiveness
- f Federal
Monetary & Fiscal Relief
Economic Recovery
May 2020 Economic Forecast
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Models for Recession and Recovery
May 2020 Economic Forecast
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Tourism
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Sources: CDLE & Colorado Counties Inc.
OSPS Economic Forecast PPT & Report
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Colorado Data
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Colorado Data
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Colorado Data
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Colorado Data
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Colorado Data
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CO Job Postings | April 10-May 10, 2020
EMSI Data Run 2020.2
Free Resource: https://www.economicmodeling.com/job-
posting-dashboard/
Compared to January 2020, April 2020 job postings have decreased
23%
January: 305,906 vs April: 236,481 Job Postings
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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
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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 Transportation and Warehousing 9,785 Finance and Insurance 9,321 Educational Services 8,219
EMSI Data Run 2020.2
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Top Posted Technical Skills April 2020
EMSI Data Run 2020.2
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Top Posted Essential Skills April 2020
EMSI Data Run 2020.2
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Top Posted Qualifications April 2020
EMSI Data Run 2020.2 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 Nurse Practitioner 1,020 Associates Degree In Nursing 929 EMSI Data Run 2020.2
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Strada Education Public Viewpoint
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Strada Public Viewpoint
Strada Education Public Viewpoint
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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
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Thank you
Comments or Questions?
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Jean Dougherty | Talent Pipeline Analyst CDHE & CWDC jean.dougherty@state.co.us
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Implications and Actions
Lee Wheeler-Berliner
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Phases of Response
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Looking ahead
03
- Support hiring and getting back to
work ○ Long-term flexibility ○ Alignment of needs
Safer at home
02
- Supporting re-opening
○ Guidance ○ Short-term flexibility
Stay at home
01
- Supporting immediate needs
○ Financing ○ Individual support