QUARTERLY Employment numbers changed slightly over the previous quarter decreasing by 43 for a hold steady rate of -0.0%. Sector activity was mixed and not reflective of the overall industry appearance. Four sectors gained employees and three sectors lost employees. Banking (60)) reported the largest positive change adding 125 employees. Expansions in Functions Related to Depository Banking, which includes establishments that cash checks and offer money orders, rose by 65 employees. Credit Unions saw many small increases in a myriad of firms causing a gain of 43. Employment in Insurance Carriers (63) rose by 95. Increases in a variety of firms added 73 to Life Insurance. Expansions at one business accounted for most of the gain of 56 in Pension, Health & Welfare Funds. The provision of Investment Advice was the main growth component of Security & Commodity (62) up 84 employees. Credit Agencies (61) expanded by 50 employees. Business Credit and Personal Credit Institutions expanded adding 98 and 37 employees, respectively. Gains were offset by slowdowns in Mortgage Banking, which fell by 81 employees. Holding & Investments (67) experienced layoffs dropping by 57. Insurance Agents (64) dropped by 33. ANNUAL Annual growth in the FIRE industry was 1.3% adding 1630 employees. Sector activity was mixed with four losing employment and three gaining. Encouraged by a still strong stock market Security & Commodity (62) reported the largest over-the-year gain rising by 1737 employees. Establishment involved in the purchase, sale & brokerage of securities expanded by 836 and establishments engaged in providing investment information, advice and services grew by 904. Real Estate (65) encountered the second greatest sector growth up 1282 employees. Increases in Real Estate Agents & Managers generated 776 new employees in the sector. Operators of Nonresidential Buildings such as shopping centers and retail establishments grew by 204. Banking (60) rose by 498 employees. Commercial Banks, up 456, fueled the largest share of the increase. Credit Agencies (61) suffered the largest employment loss dropping by 943. Cutbacks of 1365 in Mortgage Bankers & Brokers offset by increases of 366 in Personal Credit Institutions defined employment levels. Insurance Carriers (63) lost 507 employees. Most of the loss occurred in Fire, Marine & Casualty Insurance down 445 due to cutbacks and agent transitions to independent contractor.
Colorado Employment and Wages (ES202) Fourth Quarter 2000
