Colorado’s Office of Labor Market Information Releases Annual Occupational and Wage Statistics Report
The Office of Labor Market Information has released its annual Occupational Employment and Wage Statistics (OEWS) Report for 2020, providing a comprehensive overview of Colorado’s occupational employment and wage dynamics statewide, supplemented with a multitude of data tables and charts. Data are gathered from twice-yearly employer surveys on employee occupations and wages. Colorado employers, economic development programs, and workforce and education professionals can use this report to inform and support workforce planning at local and regional levels.
You can also use this information in your Real Estate business!
Insights from the OEWS report include:
Average hourly and annual wages for the top 20 Colorado occupations
Top five occupations and industry groups by region
Regional overviews for major occupations and industries
The 20 highest- and lowest-earning occupations in Colorado
Historical wage growth; gains and losses; and much more.
Historical Employment Gains and Losses
The 2020 Colorado estimates indicate an overall employment increase of 420,310 compared to the 2010 estimates. Total covered employment in Colorado, at a five-year low of 2,157,690 in 2010, increased to an all-time high of 2,678,490 in 2019 before decreasing to 2,578,000 in 2020.
When comparing 2020 employment with that in 2010, the transportation and material moving category showed the largest absolute employment increase of any group with a net gain of 80,830 (+68.3 percent), followed by business and financial operations (+77,270, +57.9 percent), healthcare support (+39,560, +76.2 percent), and computer and mathematical occupations (+45,710, +45.7 percent) (Table 4a).
The largest percentage increase was seen for farming, fishing, and forestry occupations at 91.2 percent (+3,000), followed by healthcare support, transportation and material moving, and business and financial operations occupations. Only one occupational group lost employment over the same period: office and administrative support (-36,590, -10.4 percent).
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