Boulder, CO

Boulder Metro Area industry wages have increased by 15.1% percent since 2001

2007-03-19T00:35:00.001-07:00

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Since 2001, industry wages increased in the Boulder Metro Area by a total of 15.1%. This is greater than the growth in wages for the State of Colorado and less than the growth in industry wages for the nation as a whole.

About: These facts are part of the eCanned.com Industry Analysis Series.

Datasource: U.S. Department of Labor. Bureau of Labor Statistics. Quarterly Census of Employment and Wages (QCEW). Private Sector Employment Only.

Boulder Metro Area Industry Wages Exceed Colorado, and Wages Exceed the United States Industry Wages

2007-02-27T21:36:00.001-08:00

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The overall industry wages in Boulder, CO when analyzed can be described as very high when compared to other 2nd quarter of 2006 Metro Area wages throughout the nation. The average pay is 21.6 percent higher than the reported averages in the state of $41,530. The average industry wage was greater than the national industry average of $40,259.

About: These facts are part of the eCanned.com Industry Analysis Series.

Datasource: U.S. Department of Labor. Bureau of Labor Statistics. Quarterly Census of Employment and Wages (QCEW). Private Sector Employment Only.

Boulder Five-Year Industry Employment Change

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Total Five-Year Employment Decline in the Boulder Metro Area

Of the area's industries (4-digit NAICS), the Wired telecommunications carriers industry experienced most substantial job loss, losing 3,117 jobs during the period. The employment lost in the Wired telecommunications carriers industry make up 8.6 percent of the employment lost during the period in Boulder, CO.

Top 5 Industries
1. Wired telecommunications carriers (3,117 jobs lost)
2. Computer systems design and related services (3,070 jobs lost)
3. Software publishers (2,537 jobs lost)
4. Computer and peripheral equipment mfg. (2,160 jobs lost)
5. Full-service restaurants (1,685 jobs lost)

Total Five-Year Employment Growth in the Boulder Metro Area

Out of the 4-digit NAICS industries, the Scientific research and development services industry has accounted the most employment growth with a total of 1,190 employees finding new jobs in the industry. The employment growth in the Scientific research and development services industry makes up 16.5 percent of the total number of new jobs in Boulder.

Top 5 Industries
1. Scientific research and development services (1,190 new jobs)
2. Individual and family services (670 new jobs)
3. Other general merchandise stores (545 new jobs)
4. Electronic markets and agents and brokers (457 new jobs)
5. Offices of physicians (456 new jobs)

In the Boulder, CO metro area, the aggregate employment for all industry sectors has decreased by 30,848 total jobs between the 2nd Quarter of 2001 and 2nd Quarter of 2006.

Given the 169 industry sectors (4-digit NAICS) with employment figures reported by the BLS in each quarter, 119 described an expansion of jobs throughout the time period, while 50 industry sectors accounting for employment declines during that time period.

The Boulder Metro Area: Five-Year Percentage Growth in Employment

The Sugar and confectionery product manufacturing industry has seen the largest percentage job growth, expanding by 285.7 percent from 2001 to 2006. This industry in Boulder has increased employment faster than the industry job growth experienced in Colorado, where the industry took a loss of 12.6 percent. The Sugar and confectionery product manufacturing industry in Boulder outpaced the US in terms of percent growth of industry employment. During this period, the US lost 19.6 percent of the employment in this industry.

Top 5 Industries
1. Sugar and confectionery product manufacturing (285.7 percent gain)
2. Other ambulatory health care services (146.3 percent gain)
3. Educational support services (130.9 percent gain)
4. Apparel and piece goods merchant wholesalers (129.1 percent gain)
5. Other animal production (120.0 percent gain)

The Boulder Metro Area: Five-Year Percentage Decline in Employment

The Office furniture and fixtures manufacturing industry has lost the biggest percent of jobs, losing 95.9 percent of the jobs from the 2nd quarter of 2001 to 2nd quarter of 2006. The losses of the area have declined faster than the industry has seen in the Colorado, where the industry reported a loss of 1.2 percent. The losses in the Office furniture and fixtures manufacturing industry in Boulder outpaced the United States industry losses overall. During this period, the United States lost 23.3 in percent of workers in the Office furniture and fixtures manufacturing industry.

Top 5 Industries
1. Office furniture and fixtures manufacturing (95.9 percent decline)
2. Wired telecommunications carriers (94 percent decline)
3. Other leather product manufacturing (86.8 percent decline)
4. Lessors of nonfinancial intangible assets (79.7 percent decline)
5. Motor vehicle parts manufacturing (78 percent decline)

The total number of jobs has decreased by 18.9 percent since the 2nd Quarter of 2001. This is greater than percent in the State of Colorado, experiencing a gain of 0.1 percent since 2001 ( 2nd Quarter). The losses in the area were greater than than the gain seen for the United States of 2.6 percent.

Boulder One-Year Industry Employment Change

2007-01-24T08:34:00.000-08:00

The Boulder Metro Area: One-Year Percentage Decline in Employment

The Electronic shopping and mail-order houses industry has lost the biggest percent of jobs, losing 51.1 percent of the jobs from the 2nd quarter of 2005 to 2nd quarter of 2006. The losses of the area have declined faster than the industry sector has gone through in the Colorado, where the industry sector experienced a gain of 4.4 percent. The losses in the Electronic shopping and mail-order houses industry in Boulder outpaced the losses of nation as a whole in the industry. In this time period, the nation gained 1.4 percent in terms of employment in the Electronic shopping and mail-order houses industry.

Top 5 Industries
1. Electronic shopping and mail-order houses (51.1 percent decline)
2. Machinery and equipment rental and leasing (43.7 percent decline)
3. Lessors of nonfinancial intangible assets (39 percent decline)
4. Other leather product manufacturing (35.5 percent decline)
5. Other food manufacturing (31.4 percent decline)

The Boulder Metro Area: One-Year Percentage Growth in Employment

The Apparel and piece goods merchant wholesalers industry has seen the largest percentage job growth, expanding by 113.1 percent from the 2nd quarter of 2005 to the 2nd quarter of 2006. This industry sector in Boulder has grow faster than the industry has grown in the State of Colorado, where this industry saw a gain of 26.9 percent. The Apparel and piece goods merchant wholesalers industry in Boulder outpaced the US in terms of percent growth of industry employment. During this period, the US gained 2.8 percent of the employment in this industry.

Top 5 Industries
1. Apparel and piece goods merchant wholesalers (113.1 percent gain)
2. Direct selling establishments (106.0 percent gain)
3. Vending machine operators (95.2 percent gain)
4. Other general merchandise stores (77.7 percent gain)
5. Utility system construction (70.0 percent gain)

Total employment has increased by 1 percent from the reported values in 2005. These values are less than percent in Colorado, which experienced a gain of 2.8 percent from 2005 (2nd Quarter). The gains were less than than the gain reported at the US level of 2 percent.

Total One-Year Employment Decline in the Boulder Metro Area

The Electronic shopping and mail-order houses industry has lost the most employment with a total loss of 350 jobs during the time period. The jobs lost in the Electronic shopping and mail-order houses industry make up 10.0 percent of the total job loss in Boulder, CO.

Top 5 Industries
1. Electronic shopping and mail-order houses (350 jobs lost)
2. Nursing care facilities (181 jobs lost)
3. Other food manufacturing (169 jobs lost)
4. Department stores (152 jobs lost)
5. Management of companies and enterprises (142 jobs lost)

Of the 180 industry sectors (4-digit NAICS) with employment figures reported by the BLS in each quarter, 87 accounted an for increase in employment during the period and 92 industry sectors accounting for employment declines during that time period.

In the Boulder, CO metro area, the total number of jobs throughout all industries has increased by 1,270 jobs between mid-2005 and mid-2006.

Total One-Year Employment Growth in the Boulder Metro Area

Out of the 4-digit NAICS industries, the Other general merchandise stores industry has grown the most with 490 jobs added during the time period. These new jobs in the Other general merchandise stores industry makes up 10.5 percent of the total growth in Boulder.

Top 5 Industries
1. Other general merchandise stores (490 new jobs)
2. Scientific research and development services (404 new jobs)
3. Management and technical consulting services (325 new jobs)
4. Apparel and piece goods merchant wholesalers (276 new jobs)
5. Employment services (218 new jobs)

About: This report is part 1 of 6 in the eCanned.com Industry Analysis Series.

Datasource: U.S. Department of Labor. Bureau of Labor Statistics. Quarterly Census of Employment and Wages (QCEW). Private Sector Employment Only.

Income and Poverty in Boulder, CO

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The poverty rate in the Boulder, CO Metro has increased by 2.8 percent since the 2000 rates, moving from 9 percent to 11.8 percent.

The Asian householders in the area have reported their median household incomes at $59,138. This household income level is 18.7 percent greater than the all households reported median in the area. The American Indian and Alaska Native headed households in Boulder had a median income of $43,241, this was 13.2 percent less than the median level for total households in the area. Hispanic households in Boulder, CO , as reported in 2000, had a median household income of $37,623, this median household income is 24.5 percent less than the reported median household income for all households in the area. Black or African American householders reported a median household income that was 11.1 percent less than the all population median published in the 2000 Census, with a median of $44,281. In Boulder, CO White householders had a median household income (in 2005 Dollars) of $50,793 according to the Decennial Census of 2000, which was 2 percent greater than the median income in 2000.

As the median income level saw a growth from 2000 to 2005 in the Boulder, CO metro area, the Race/Ethnicity category that felt the biggest growth in household income was the category. This category saw an of . percent in the last five years. The population group was least impacted by the household income growth in Boulder, undergoing a . percent in median income, since the values reporting the 2000 Decennial Census.

When put side-by-side with other Metros throughout the United States, the Boulder metro area can be recognized as having a rate of poverty among the people, accounting a rate of 9.0 percent with a family income under the 1999 poverty level. The Hispanic race/ethnicity population cohort, has the uppermost poverty rate with 20.6 percent of the people in 2000 living in poverty. The population that is aged Under 5 years have the most percent of people living in poverty in Boulder, reporting 13.3 percent of the population in this age category living in poverty.

The median household income has increased from the inflation-adjusted values in 2000. The income level has increased to $57,502, representing a 15.4 percent growth. The Boulder, CO MSA, when comparing total percent of growth, ranks 2 of 2 metro area in percent of growth for household income in Colorado. Boulder ranks 164 of 233 metro area when comparing the growth in median income in the US.

Compared to other MSAs throughout the nation, the Boulder metro area was reported to have a medium-high median household income of $49,807 (2005 Dollars). This median is 10.9 percent lower than the median in State of Colorado of $55,228 and the median is 1.4 percent higher than the median in the US, which is $49,133.

Datasource: U.S. Bureau of the Census. 2000 Decennial Census. 2005 American Community Survey.

Higher Education in the Boulder, CO Metro Area

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Between 2000 and 2005, the percent of the male population that can be understood as highly educated has increased by 31.0 percent. By the year 2005, 61 percent of area's male population (+25) achieved a BA or Higher. During the same period, the percent of women (+25) that have earned a BA or higher has increased by a total of 30.4 percent. By 2005, a total of 54 percent of the female population had achieved this level of education.

According to the 2005 American Community Survey in the Boulder, CO Metro Area, many men in the area have reached the Bachelors Degree or Higher category, with 61 percent reaching this education level. The female population in the Boulder metro area have on average achieved a lower level of higher education (Bachelors or Higher) than the men in the area: 61 percent (Men) versus 54 percent (Women). The largest educational attainment category for women is Bachelors Degree or Higher category, with 54 percent of the areas female population attaining this level of education.

From 2000, the Boulder metro area has increased in the population percent with a Bachelors of Higher. This population percent has grown by 31.2 percent to a total of 57.6 percent in 2005, according to the American Community Survey. The 2005 proportion of highly educated population is greater than the State of Colorado percent of 35.4 and greater than the US percent of 27.2.

Boulder, CO Metro Area is made up of a very highly-educated working age population, with 57.6 percent of the population (+25) having received at least a Bachelors Degree, as reported in the 2005 American Community Survey. The Boulder MSA counted a higher percent of the population with at least a Bachelors than the State of Colorado's proportion of 35.4 percent and a higher percent than United States proportion of 27.2 percent.

In the Boulder, CO Metro Area according the 2005 American Community Survey, 59.6 percent of the White Alone, . percent of Black or African American, 72.8 percent of the Asian alone and 16.6 percent of the Hispanic or Latino population (over 25) has obtained a Bachelors Degree or Higher.

Datasource: U.S. Bureau of the Census. 2005 American Community Survey.

Demographic Profile for Boulder, CO

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The Boulder metropolitan statistical area (MSA) has a population that is comprised of 80.9 percent White, 0.9 percent African American, 3.7 percent Asian, and 12.7 percent Hispanic. The area population base can be described as having a high level of racial and ethnic diversity, with 17.3 percent of the population being minorities. This is less than the State of Colorado percent of 25.6. Since 2000, Boulder has increased in diversity when 14.7 percent of the population were minorities.

From 2000, a very high amount of people have migrated into the Boulder metro area, with 8,553 people migrating in internationally. The migration from outside the US into Boulder makes up 7.6 percent of the total international migration into the State of Colorado. This percent of international migration is very high when analyzed against immigration per population in 2005.

The Boulder metro area had a population that was estimated at 280,440 in 2005. The total population has increased, since its 2000 population of 271,388. This growth denotes an increase of 3.3 percent. Boulder ranks 7 of 7 MSAs by growth in total population in Colorado and the metro area ranks 181 of 361 metro areas when analyzing total MSA population change across the nation.

In terms of total land area, the Boulder metro area spans a total of 742 total square miles. The area has a medium-high average population density of 378 persons per square mile. Similar metro areas in the US, in terms of density, include: -- more densely populated -- Jacksonville (388 per sq. mile ), Ocean City (389 per sq. mile ), Norwich-New London (400 per sq. mile ), -- less densely populated -- Springfield (372 per sq. mile ), Oshkosh-Neenah (364 per sq. mile ), Springfield (356 per sq. mile ).

Datasource: Population Estimates Program, U.S. Bureau of the Census.

Housing Report for Boulder

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Boulder recorded a median home value in 2005 of $344,300, reported by the American Community Survey. This value is greater than the overall State of Colorado 2005 median owner-occupied dwelling value of $223,300 and greater than median home value of $167,500 for the rest of the nation in that year.

In Boulder, there were a total of 121,500 homes in 2005. The metro area has experienced a medium-high growth level in the number housing units, adding in all 6,928 homes since 2001, or 6 percent.

Throughout the State of Colorado, Boulder stands 7 of the 7 metro areas by percentage growth in residential real estate. The metro area is positioned 169 of 361, in terms of residential real estate percentage change compared to other United States metro areas.

There seems to be a limited amount of real estate that is affordable in Boulder, Colorado. In 2005, only 4.6 percent of owner-occupied dwellings were valued under $125k.

Boulder can be understood as having an extremely high percentage of homes that are high in price. For 2005, the American Community Survey counted that 26.8 percent of the houses were valued over a half a million dollars.

Data Source: U.S. Census Bureau

Employment Report for Boulder, Colorado -- Annual 2005 Industry Summary

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A top paying industry in Boulder is the management of companies and enterprises industry with wages that annually pay $86,184. Throughout the MSA since the year 2001, the annual average wages in the industry have grown by 21.9 percent or $15,507. The State of Colorado holds the same job market in the management of companies and enterprises industry, ranking at the top of industries in term of the average annual pay of 2004.

In Boulder, Information, Professional and technical services and Manufacturing are the three industries with the highest location quotients. The Information sector in the county has a location quotient of 2.46. The percent of employment in the Information industry is 2.46 times greater than the US average, showing signs that Boulder may specialize, or be an exporter of Information.

Mining from 2001-2005 had the highest increase in employment in Boulder, increasing by 89.4 percent. This is greater than the industry job change at the national level of 4.7 percent. The State of Colorado encountered a change in industry employment of 32.5 percent, in the duration of 2001 to 2005.

The Boulder Metropolitain Area is ranked number 129 of 363 throughout the US in terms the size of total employment in 2005. This ranking has slipped behind from the year 2001, at which time the Metropolitan Area was ranked 100 of 363 Counties.

Manufacturing has the largest businesses in Boulder Metro Area. The industry averages 32 jobs per establishment, which is less than the industry's national average of 39 and greater than the Colorado typical size of 25 for the Manufacturing industry.

Manufacturing between the years 2001 and 2005, saw the greatest loss in employment in the Boulder Metro Area. The industry lost a total of 9,772 employees during the period, or 34.1 percent of jobs in the industry. The losses in this industry made up 28.9 percent of the total jobs loss in the Metro Area.

In Boulder, Professional and technical services, Manufacturing, and the Retail Trade industries have the largest percent of jobs of all industries. The Professional and technical services provides the most jobs and contributes 15.2 percent of all jobs throughout the region, totaling 19,880 individuals. The Manufacturing and Retail Trade sectors account for 14.5 and 12.3 percent of all employment.

Datasource: U.S. Department of Labor. Bureau of Labor Statistics. Quarterly Census of Employment and Wages (QCEW).