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FINANCE, INSURANCE & REAL ESTATE

(60 - 67)

Employment change from last quarter+ 1.0
Employment change from year ago+ 4.0
Wage change from year ago+ 1.0

QUARTERLY

FIRE added 1125 employees over last quarter gaining 1.0%. Real Estate (65) was the largest growing sector up 600 employees. Seasonal demands for ski area housing managed by real estate firms created the quarterly increase. Insurance Carriers (63) added 457 employees. SIC changes into Accident & Health Insurance & Medical Service Plans (632) caused the greatest gain, followed by expansions in Fire, Marine & Casualty Insurance (633) and Title Insurance (636). Expansions in Mortgage Bankers & Brokers (616) added 278 employees to the Credit Agencies (61) sector. Holding & Investments (67) lost 361 employees. Some expansion in Investment Offices (672) was offset by SIC changes out of Holding Offices (671) and into Manufacturing and Accident & Health Insurance & Medical Service Plans.`


ANNUAL

FIRE grew 4.0% over first quarter a year ago adding 4261 employees. Better than half of the industrys gain occurred in two sectors: Credit Agencies (61) up 1101 employees and Real Estate (65) up 1059. Expansions in Mortgage Bankers & Brokers (616) driven by the moving housing market was the primary source of growth for Credit Agencies. Large expansions in Real Estate Agents & Managers (653) and gains in Title Abstract Offices (655) fueled most of the growth in Real Estate. Insurance Carriers (63) added 887 employees. The largest increase occurred in Accident & Health Insurance & Medical Plans (632) due to SIC changes into the sector for 420 employees and expansions. Holding & Investments (67) was the only sector to decline. Losses of 191 were the result of SIC changes out of the sector.

1995 SIC CHANGES

FIRE dropped approximately 40 employees and a quarterly payroll of $1,410,456 due to reclassification.


Colorado Employment and Wages (ES202) First Quarter 1996