June regional economic update
This update is based on the most recent data released from the Bureau of Labor Statistics, Quarterly Census of Employment and Wages, Q4 2018. The full report can be found HERE and on the NWCCOG EDD website here. Past reports can be found on the website as well.
Here are some highlights:
- Jobs: +2.6%
- Unemployment rate: 2.0% (April 2019)
- Average Annual Wage:
- Eagle County: $49,140 (+2.9%)
- Grand County: $37,648 (+3.7%)
- Jackson County: $42,484 (+10.6%)
- Pitkin County: $57,772 (+4.2%)
- Summit County: $42,588 (+3.0%)
- State of Colorado: $61,360 (+4.1%)
- Regional Industry Mix:
- Tourism & Outdoor Recreation: 54%
- Construction: 8%
- Healthcare: 6%
- Professional, Technical, Scientific, Information: 5%
- Public Administration: 7%
- Manufacturing: 1%
- All Other Industries: 19%
- 10-Year Industry Growth: most Job Growth (2008-2018):
- Eagle County – Healthcare (+541 jobs)
- Grand County – Accommodations & Food Services (+411 jobs)
- Jackson County – Professional, Technical, Scientific (+28 jobs)
- Pitkin County – Accommodations & Food Services (+518 jobs)
- Summit County – Administrative & Waste Services (+1,370 jobs)