Employment in FIRE is up 897 over last quarter for a gain of 0.8%. Credit Agencies (61) reported the largest sector increase with 397 new employees. Gains occurred mainly in Mortgage Bankers & Brokers (616) due to home refinancing activity. Banking (60) added 263 employees with most increases in National Commercial Banks (6021). Security & Commodity (62) added 249 employees. Expansions by a couple of companies and one entrant from out of state into the mutual funds market accounts for the bulk of the section increase. Insurance Agents (64) rose 185 employees and Insurance Carriers (63) gained 42. Losses occurred in Real Estate (65) down 334 employees. Real Estate losses are seasonal due to layoffs of staff hired by apartment and office buildings for summer outdoor maintenance and swimming pool operation. Seasonal decreases also occurred in Land Subdividers & Developers (6552).
ANNUAL
Since a year ago FIRE added 3045 employees for a gain of 2.8%. Real Estate (65) expanded by 784 employees and Insurance Agents (64) 552. Both sectors showed yearlong growth. Banking (60) added 500 employees over a year ago. Subsector increases occurred in Functions Related to Depository Banking (609) due to January SIC changes, Commercial Banks (602) and Credit Unions (606). Security & Commodity (62) added 498 employees. Growth resulted from the addition of about 300 from January SIC changes and expansions in third and fourth quarter of 1995. Credit Agencies (61) up 472 employees attributes its growth to increased demand for Mortgage Bankers & Brokers (616). Insurance Carriers (63) added 230 employees. Over-the - year subsector growth took place in Accident & Health Insurance & Medical Service Plans (632) and Pensions, Health & Welfare Funds (637).
Colorado Employment and Wages (ES202) Fourth Quarter 1995
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