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Impacts of the COVID-19 Pandemic Through Week Ending 4/18/2020

Impacts of the COVID-19 Pandemic Through Week Ending … · These charts show the number of unemployment claims are trending down week ... Data Analysis 1,329 31.7% Mental Health

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Page 1: Impacts of the COVID-19 Pandemic Through Week Ending … · These charts show the number of unemployment claims are trending down week ... Data Analysis 1,329 31.7% Mental Health

Impacts of the COVID-19 Pandemic

Through Week Ending 4/18/2020

Page 2: Impacts of the COVID-19 Pandemic Through Week Ending … · These charts show the number of unemployment claims are trending down week ... Data Analysis 1,329 31.7% Mental Health

Data Compiled for Two-County

Arapahoe/Douglas Workforce Area

These charts show the number of

unemployment claims are trending down week

over week statewide and in the two-county

Arapahoe/Douglas region. Claims are down for

the week ending April 18 by 27.5% for Colorado,

and 24.5% in Arapahoe/Douglas.

Page 3: Impacts of the COVID-19 Pandemic Through Week Ending … · These charts show the number of unemployment claims are trending down week ... Data Analysis 1,329 31.7% Mental Health

New Unemployment Claims

Arapahoe and Douglas Counties

New unemployment claims in Arapahoe

County are down 24%, and 25% for the week

ending 4/18/2020 for Arapahoe and Douglas

Counties, respectively.

Page 4: Impacts of the COVID-19 Pandemic Through Week Ending … · These charts show the number of unemployment claims are trending down week ... Data Analysis 1,329 31.7% Mental Health

New Unemployment Claims

Metro Denver Workforce RegionsArapahoe/Douglas continues to have the most new claims of the four workforce

development areas in metro Denver. Note that the Jefferson County workforce

region includes Clear Creek and Gilpin counties.

Page 5: Impacts of the COVID-19 Pandemic Through Week Ending … · These charts show the number of unemployment claims are trending down week ... Data Analysis 1,329 31.7% Mental Health

New Unemployment Claims by Super Sector

New unemployment claims are decreasing. During the week ending 4/18/2020, they

went down by 25% in the Arapahoe/Douglas Workforce Region. Note that N/A indicates

claims where the sector could not be identified accurately.

Page 6: Impacts of the COVID-19 Pandemic Through Week Ending … · These charts show the number of unemployment claims are trending down week ... Data Analysis 1,329 31.7% Mental Health

Real Time Labor Market Information

SOC Occupation Postings

Percent

Change from

Prior 30 Days

29-1141 Registered Nurses 1,879 (15.2%)

15-1132 Software Developers, Applications 1,668 (15.8%)

53-3032 Heavy and Tractor-Trailer Truck Drivers 1,163 (14.0%)

41-2031 Retail Salespersons 1,076 (20.5%)

15-1199 Computer Occupations, All Other 939 (18.0%)

41-1011 First-Line Supervisors of Retail Sales Workers 930 (21.4%)

43-4051 Customer Service Representatives 911 (13.8%)

15-1142 Network and Computer Systems Administrators 814 (12.2%)

43-5081 Stock Clerks and Order Fillers 666 (20.9%)

43-1011 First-Line Supervisors of Office and Admins 596 (15.2%)

Jobs With Most Unique Postings, Last 30 Days

Source: EMSI Job Posting Analytics

Skill or QualificationUnique

Postings

Percent Change

over Prior 30-

Day Period

Tableau (Business Intelligence Software) 486 57.3%

Business Intelligence 525 43.1%

Data Analysis 1,329 31.7%

Mental Health 337 19.5%

Business Systems 254 18.1%

Licensed Practical Nurse 351 12.9%

Franchising 331 9.6%

Treatment Planning 303 9.0%

Case Management 298 6.0%

Memos 257 3.2%

Skills Posted by Percent Increase

Source: EMSI Job Posting Analytics

CompanyUnique

Postings

Change over

Last 30-Day

Period

UC Health 270 (55.7%)

Comcast Corporation 101 (49.0%)

University of Colorado 332 (48.6%)

Patriotic Hearts Inc 195 (44.0%)

Robert Half International Inc. 327 (36.3%)

HCA Holdings, Inc. 279 (31.3%)

Integrity Healthcare Locums, LLC 396 (31.0%)

Oracle Corporation 379 (30.5%)

Centura Health 510 (28.9%)

The Home Depot 224 (28.4%)

Arapahoe & Douglas Counties

Source: EMSI Job Posting Analytics

CompanyUnique

Postings

Change over

Last 30-Day

Period

Twilio Inc. 532 8766.7%

Davita Inc. 298 1652.9%

Humana Inc. 105 650.0%

Spectrum Reporting LLC 322 123.6%

Amazon.com, Inc. 223 84.3%

Growing People and Companies 150 57.9%

Fidelity Investments 134 48.9%

Centurylink, Inc. 104 44.4%

Army National Guard 188 27.0%

Aurora Public Schools 190 26.7%

Arapahoe & Douglas Counties

Source: EMSI Job Posting Analytics

Page 7: Impacts of the COVID-19 Pandemic Through Week Ending … · These charts show the number of unemployment claims are trending down week ... Data Analysis 1,329 31.7% Mental Health

New Unemployment Claims as a

Percent of Total Labor Force

These percentages are not the unemployment rate

but can give insight into the percent of the total

labor force that has been laid off or furloughed

over the last six weeks (3/1/2020-4/18/2020).

Geography Labor ForceInitial

ClaimsPercent

Colorado 3,129,300 294,221 9.4%

Adams 280,249 26,920 9.6%

Arapahoe 374,600 36,639 9.8%

Boulder 200,110 15,232 7.6%

Denver 428,493 43,634 10.2%

Douglas 199,341 14,955 7.5%

Jefferson 344,319 31,487 9.1%

Larimer 209,090 18,204 8.7%

Weld 171,613 12,782 7.4%

New Unemployment Claims as a Percent of the Labor Force

Sources: Bureau of Labor Statistics, Colorado Department of Labor & Employment

Page 8: Impacts of the COVID-19 Pandemic Through Week Ending … · These charts show the number of unemployment claims are trending down week ... Data Analysis 1,329 31.7% Mental Health

Hardest Hit Occupation Groups

Statewide

SOC Description Jobs in Q42019New UI Claims

Since 3/1/2020

Percent of

Total Jobs

35 Food Preparation and Serving Related 272,087 72,804 26.8%

31 Healthcare Support 75,706 14,628 19.3%

39 Personal Care and Service 133,060 23,947 18.0%

27 Arts, Design, Entertainment, Sports, and Media 65,403 11,682 17.9%

11 Management 160,855 23,404 14.5%

41 Sales and Related 336,371 42,686 12.7%

29 Healthcare Practitioners and Technical 164,243 17,306 10.5%

51 Production 114,821 10,187 8.9%

49 Installation, Maintenance, and Repair 121,995 10,766 8.8%

19 Life, Physical, and Social Science 35,118 2,820 8.0%

53 Transportation and Material Moving 179,772 13,526 7.5%

47 Construction and Extraction 184,216 12,309 6.7%

45 Farming, Fishing & Forestry 21,114 1,325 6.3%

37 Building and Grounds Cleaning and Maintenance 112,203 6,845 6.1%

25 Education, Training, and Library 166,639 9,593 5.8%

21 Community and Social Service 53,685 2,581 4.8%

23 Legal 27,183 1,194 4.4%

43 Office and Administrative Support 410,548 17,311 4.2%

13 Business and Financial Operations 222,009 7,823 3.5%

17 Architecture and Engineering 69,203 2,217 3.2%

15 Computer and Mathematical 132,805 3,193 2.4%

33 Protective Service 66,612 1,306 2.0%Sources: EMSI QCEW, Non-QCEW & Self-Employed Class of Worker and CDLE Unemployment Insurance Division

Occupation Groups with Greatest Percent of Total Job Loss, Colorado

Page 9: Impacts of the COVID-19 Pandemic Through Week Ending … · These charts show the number of unemployment claims are trending down week ... Data Analysis 1,329 31.7% Mental Health

Statewide Loss in Worker EarningsThis table estimates the gross

loss in worker earnings* to

Colorado’s economy from

3/1/2020 to 4/18/2020 based on

the number of unemployment

claims by occupational family in

that time period.

Note that this $942.2 million loss

in worker earnings has been

somewhat offset by $201.1

million in unemployment

benefits.

Thus, even with unemployment

insurance payments as a safety

net, the net reduction in worker

earnings has been $742.1

million over the last 7 weeks.

*Reduction in worker earnings is based on the proportion of claims by occupational family adjusted for the time period and the percent of layoffs that occurred each week.

SOC DescriptionAverage Annual

Wage

Reduction in

Worker Earnings

Since 3/1/2020

11 Management $120,017 $168,643,693

13 Business and Financial Operations $81,197 $38,137,114

15 Computer and Mathematical $96,162 $18,434,777

17 Architecture and Engineering $91,702 $12,206,228

19 Life, Physical, and Social Science $76,803 $13,003,546

21 Community and Social Service $51,546 $7,987,737

23 Legal $115,905 $8,308,874

25 Education, Training, and Library $54,014 $31,109,673

27 Arts, Design, Entertainment, Sports, and Media $56,185 $39,406,837

29 Healthcare Practitioners and Technical $84,445 $87,742,242

31 Healthcare Support $35,810 $31,450,616

33 Protective Service $50,973 $3,996,865

35 Food Preparation and Serving Related $27,312 $119,384,670

37 Building and Grounds Cleaning and Maintenance $31,559 $12,969,686

39 Personal Care and Service $31,071 $44,672,617

41 Sales and Related $50,486 $129,387,777

43 Office and Administrative Support $40,972 $42,583,496

45 Farming, Fishing and Forestry $33,634 $2,675,629

47 Construction and Extraction $48,945 $36,171,824

49 Installation, Maintenance, and Repair $51,218 $33,106,844

51 Production $40,829 $24,971,679

53 Transportation and Material Moving $44,118 $35,827,852

Total Reduction in Worker Earnings $942,180,277

Estimated Loss in Worker Earnings, Colorado

Sources: EMSI QCEW, Non-QCEW & Self-Employed Class of Worker and CDLE Unemployment Insurance Division

Page 10: Impacts of the COVID-19 Pandemic Through Week Ending … · These charts show the number of unemployment claims are trending down week ... Data Analysis 1,329 31.7% Mental Health

Characteristics of Unemployed

Statewide

There is a slight disproportionality in new

unemployment claims by race, while

Hispanic ethnicity is slightly under-

represented. The predominantly younger

age groupings reflect demographics in the

industries hardest hit.