Labor Force/Employment U.S. Non-Farm Job Openings

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Samantha Hardy
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1 Jun7 Feb8 Oct8 Jun9 May6 May8 May1 May12 Number of People Feb1 Oct1 Jun11 Feb12 Jan8 Sep8 Jan1 Sep1 Jan12 Sep12 Jan14 Percentage Jan8 Sep8 Jan1 Sep1 Jan12 Sep12 Jan14 Job Openings ('s) The Big Picture U.S. Quarterly GDP 4% 3% 2% 1% 1% 2% 3% Mar7 Mar8 Real Growth in GDP vs. Year Ago Mar9 Mar1 Mar11 Mar12 Mar13 Mar14 4% Time Period (Quarterly at Annualized Rate) Source: U.S. Bureau of Economic Analysis *June release of Real GDP Percent Change from Q1 Year Ago, SA U.S. Consumer Sentiment University of Michigan Consumer Sentiment Source: University of Michigan MSA GMP Per Capita $4, $3, Austin Boulder Springs Q1: 2.1%* Denver Huntsville Salt Lake City Jun Per Capita Real GMP (chained 29 dollars) $7, 1.7% $6, up % $5,.9% U.S. (Metro Portion) Note: Military data is included in both GMP and population. Real GMP is adjusted for regional price parity (RPP). Percentage change compares 215 to 214 Per Capita Real GMP. Source: U.S. Bureau of Economic Analysis Labor Force/Employment U.S. NonFarm Job Openings Total U.S. Monthly NonFarm Job Openings SA 6, 4, 3, U.S. Civilian Participation Rate June 27: 66. June 217: 62.8% Source: U.S. Bureau of Labor Statistics; Jobs data is through May 217. Unemployment Rate Monthly Unemployment Rate Not Seasonally Adjusted May % U.S. 2.7% EPC 2.4% CO Sources: U.S. Bureau of Labor Statistics; Data not seasonally adjusted; local data often lags one month. Inflationary Measures U.S. Consumer Price Index June 217 All items Less food & energy Change from May 217 (SA)..1% Last 12months (NSA) 1.7% Source: U.S. Bureau of Labor Statistics; data for all urban consumers (CPIU) updated (7/18/217) Local Labor Force/Employment Springs MSA Job Openings June 217 Average daily job openings: 11,24 Average posting duration: 34 days Median salary of posted jobs: $69,975 median salary: $65,45 Top Job Titles Registered Nurse (1,15 jobs) Customer Service Rep (785 jobs) Software Engineer (785 jobs) Teller (657 jobs) Administrative Assistant (68 jobs) Systems Engineer (558 jobs) Systems Administrator (544 jobs) Network Engineer (514 jobs) Sales Rep (54 jobs) Medical Assistant (5 jobs) Sources: Pikes Peak Workforce Center CEB TalentNeuron ; U.S. Bureau of Labor Statistics; UCCS Economic Forum Springs MSA Labor Force Monthly Demand and Supply of Labor 3 3, 2 2, 1 1, Demand for Labor Supply of Labor 13,38 9,63 May 217 Monthly Demand for Labor Monthly Supply of Labor Sources: Pikes Peak Workforce Center CEB TalentNeuron ; U.S. Bureau of Labor Statistics; UCCS Economic Forum

2 1/1/215 4/1/215 7/1/215 1/1/215 1/1/216 4/1/216 7/1/216 1/1/216 Number of Employees Local Employment/Wages New Jobs Number of New Jobs Gained or Lost 1, 7,5 2,5 (2,5) () (7,5) (1,) (12,5) Source: Department of Labor and Employment, Quarterly Census of Employment and Wages (QCEW); UCCS Economic Forum $ Millions Number Employed Annual Job Changes 5,4 new jobs needed to match population growth : 7,742 New Jobs Actual New jobs in 215 to 216: 7,742 ******************************* Estimated New Jobs Needed (21522) 5,4 (or 2% growth rate) Estimated jobs needed based upon population growth and age composition; calculated by the UCCS Economic Forum. Springs MSA GMP by Sector Finance, Insurance, Real estate, Rental & Leasing Federal military Professional and Business services State & Local Government Manufacturing (212) Retail trade Health Care, Social Assistance & Education Information Federal Civilian Government Construction Accommodation & Food Services Other Services, Except Government Wholesale Trade Transportation and Warehousing Arts, Entertainment & Recreation Utilities Mining (212) Agriculture, Forestry, Fishing, and Hunting 1.1%.9%.7%.7%.4% 3.8% % 2. Employment in Selected Sectors 42,5 4, 37,5 3 32,5 3, 27,5 2 22,5 2, 17,5 1 12,5 1, 7,5 Monthly Employees in Top 12 Sectors Average Weekly Wage Health & Social Assist Retail Trade Accom & Food Education Prof & Tech Svcs Administration Construction Public Admin Manufacturing Finance & Insurance Other Information $1,52 $98 264,447 *Estimated military employment in 215 (and 55,3 (17.1%) % of total EPC employees who are military). Note: QCEW data lags by up to two quarters and does not include militaryrelated employees. Sources: Department of Labor and Employment, QCEW. See military section for military employment sources. Real GMP Contribution by Sector, Springs MSA, % 6.9% 7.6% 5.9% % 14.1% $ $ $ $3, $4, $ Millions of dollars (inflationadjusted to 29) 216 for All Industries Average Weekly Wage Source: U.S. Bureau of Economic Analysis; government data lags. Manufacturing and Mining data last disclosed in 212. Total Employment Military Employment 7, 6, 5, 4, 3, 2, 1, Military Employment** USAFA Schriever Fort Carson Peterson Expenditures in $7, $6, $ $4, $3, $ $ $ Military Economic Impact USAFA Schriever Fort Carson Peterson *213 and 215 data was not available for all locations. Textured bars are an estimate in 213 made by the UCCS Economic Forum and duplicated data in 215 for USAFA (from the previous year). **The employment numbers for Schriever and Peterson include significant numbers of civilian contractors. The employment numbers for USAFA include cadets and several kinds of contract workers. Sources: Department of Military and Veteran Affairs; Springs Chamber of Commerce & EDC; respective military installations

26 28 21 212 214 216 218 22 222 224 Jun14 Dec14 Sep15 Dec15 Jun16 Dec16 Number of People Dwelling Units Jun14 Dec14 Sep15 Dec15 Jun16 Dec16 Number of Homes Demographics 215 Population El Paso Springs

3 Jun14 Dec14 Sep15 Dec15 Jun16 Dec16 Number of People Dwelling Units Jun14 Dec14 Sep15 Dec15 Jun16 Dec16 Number of Homes Demographics 215 Population El Paso Springs Springs (city) County MSA 456, , ,856 Springs MSA is made up of El Paso and Teller Counties. Source: U.S. Census Bureau, Population Division & U.S. Age Groups Ages Population by Age Group Ages Ages Ages Ages United States Source: U.S. Census Bureau, American Community Survey Population Projections Median Age EPC: 33.8 U.S.: 37.8 Annual Population by Age Group Ages 65+ to to to 29 3 to 49 5 to to Source: Department of Local Affairs, State Demography Office Population Growth The State Demography Office projects a population of 4,621 additional people between Source: Department of Local Affairs, State Demography Office Cost of Living $, $9, $8, $7, $6, $5, $4, Population Estimates 215 Median Wealth & Housing Affordability MSA Weighted Wealth ,5 1,7, 5,443, 8,686, Source: Department of Local Affairs, State Demography Office Housing Affordability Index Higher Housing Affordability Indices mean greater affordability. In 215, U.S. median wealth was $49,787 and the U.S. average affordability composite index was 166. Sources: Synergos Technologies and U.S. Census Bureau; Credit Suisse and the National Association of REALTORS Real Estate Monthly Home Sales 1,8 1,6 1,4 1, Pikes Peak Region Home Sales Median Home Price 217 Q1 Location United Denver Boise Springs States Price $266, $396, $27,7 $232, 1year % Change % 9.3% 6.9% MSA Rank n/a Sources: Pikes Peak REALTOR Services Corp.; National Association of REALTORS Monthly Building Permits Pikes Peak Region Residential Building Permits Total Single Family Dwellings Source: Pikes Peak Regional Building Department Total MultiFamily Dwellings

4 Jun12 Feb13 Oct13 Jun14 Feb15 Oct15 Jun16 Feb17 Jun4 Jun5 Jun6 Jun7 Jun8 Jun9 Jun1 Jun11 Jun12 Jun14 Jun16 Jul14 Nov14 Jan15 Jul15 Sep15 Nov15 Jul16 Nov16 Jan17 $ Millions Collected Percentage Jun12 Feb13 Oct13 Jun14 Feb15 Oct15 Jun16 Feb17 Number of Vehicles Jul14 Nov14 Jan15 Jul15 Sep15 Nov15 Jul16 Nov16 Jan17 Tourism Hotel Occupancy Rate % Source: Hotel & Lodging Assoc., Rocky Mountain Lodging Report Hotel RevPAR $14 $12 $ $8 $6 $4 $2 $ Springs: 12 Month Moving Average Hotel Occupancy Rate May 217 Springs Denver 75.6% 82.2% 72. Springs RevPAR 29% from May 214 to May 217 Hotel RevPAR May 217 Springs Denver $89.68 $12.16 $ % Source: Hotel & Lodging Assoc., Rocky Mountain Lodging Report Additional Metrics Springs Commercial Real Estate 13% 12% 11% 1 9% 8% 7% 6% Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Sources: CoStar Group ; Olive Real Estate Group, Inc. Monthly New Vehicle Registrations 3,5 3, 2,5 1,5 5 New Vehicle Registrations (without luxury utility) Latest 6month average in 217 compared to 216 for luxury utility: up 12.7% Luxury utility categories are not included in graph line above, but % change in this category is noted in the text box. Source: El Paso county Clerk and Recorder Monthly Sales & Use Tax Collection Springs Quarterly Vacancy Rates Springs 2% Sales & Use Tax Collection Source: City of Springs 217 Q2 Rents Office $15.53 per sq. ft. Medical Office $17.48 per sq. ft. Industrial $6.66 per sq. ft. Shopping Center $12.45 per sq. ft. Change from June 216: up 1.4% Educational Attainment Source: U.S. Census Bureau, American Community Survey U.S. Interest Rates Some College or Associate Degree in % Bachelor's Degree or Higher in % 1.7% 45.8% 1.3% 34. Ages 1824 Ages 25+ Ages 1824 Ages % 3.6% Monthly Interest Rates Springs (city) United States Springs (city) United States Jun. 217 Source: Board of Governors of the U.S. Federal Reserve System 3 Yr MR 3.9 Prime 4.13 Fed Funds UCCS Economic Forum. All Rights Reserved. For permission to reproduce or forward this document, contact Tatiana Bailey at tbailey6@uccs.edu or Rebecca Wilder at rwilder2@uccs.edu. All information provided by the UCCS Economic Forum is made possible by the support of local businesses. For past quarterly updates and Forum booklets, please go to our website:

Thank you to all the UCCS Economic Forum sponsors!

Catalyst Campus/The O Neil Group Company, LLC City of Springs Springs Chamber of Commerce and EDC Ent Credit Union HUB International Insurance

Care Pikes Peak Small Business Development Center Pikes Peak Workforce Center Rocky Mountain Health Care Services Transit Mix Concrete Company T.

Aventa Credit Union CAMA South Channelvation Children s Hospital City of Fountain Classic Companies The Colomina Life Company Business Bank Springs

Southern FirstBank GH Phipps Construction Companies Integrity Bank and Trust IREM Southern Chapter 53 Legacy Bank Olive Real Estate Group, Inc.

5 Thank you to all the UCCS Economic Forum sponsors! Platinum Level Sponsors: Gold Level Sponsors: Silver Level: The Antlers Hotel Apogee Valuation Services BiggsKofford Certified Public Accountants Catalyst Campus/The O Neil Group Company, LLC City of Springs Springs Chamber of Commerce and EDC Ent Credit Union HUB International Insurance Services Northstar Bank Nor wood Nunn Construction Pikes Peak Association of REALTORS Pikes Peak Community College Pikes Peak Hospice & Palliative Care Pikes Peak Small Business Development Center Pikes Peak Workforce Center Rocky Mountain Health Care Services Transit Mix Concrete Company T. Rowe Price Vectra Bank Media Sponsors: Springs Business Journal The Gazette Sustaining and Supporting Level: Adams Bank and Trust ADD STAFF, Inc. Aventa Credit Union CAMA South Channelvation Children s Hospital City of Fountain Classic Companies The Colomina Life Company Business Bank Springs Convention & Visitors Bureau Springs Health Partners Downtown Partnership of Springs dpix, LLC The Eastern Bank Financial Planning Association of Southern FirstBank GH Phipps Construction Companies Integrity Bank and Trust IREM Southern Chapter 53 Legacy Bank Olive Real Estate Group, Inc. The Patterson Group Peoples Bank Qualtek Manufacturing RTA Architects Salzman Real Estate Services, Ltd. Security Service Federal Credit Union Strasbaugh Financial Advisory, Inc. TMR Direct Unified Title Company University of Executive Programs U.S. Bank

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