Rio Blanco County, CO...From 2014 to 2019, jobs declined by 6.3% in Rio Blanco County, CO from 3,413...

Economy Overview

Rio Blanco County, CO

633 17th Street

Room 700

Denver, Colorado 80202

Emsi Q4 2019 Data Set | www.economicmodeling.com

Economy Overview


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Contents

Report Parameters

Economy Overview

Historic & Projected Trends

Popula on Characteris cs

Industry Characteris cs

Business Characteris cs

Workforce Characteris cs

Educa onal Pipeline

In-Demand Skills

Economy Overview


1 County

Class of Worker

QCEW Employees, Non-QCEW Employees, and Self-Employed

The informa on in this report pertains to the chosen geographical area.

Report Parameters

8103 Rio Blanco County, CO

Economy Overview

Emsi Q4 2019 Data Set | www.economicmodeling.com 1

Economy Overview

Takeaways

As of 2019 the region's popula on declined by 5.3% since 2014, falling by 350. Popula on is expected to decrease by 3.2%

between 2019 and 2024, losing 199.

From 2014 to 2019, jobs declined by 6.3% in Rio Blanco County, CO from 3,413 to 3,197. This change fell short of the na onal

growth rate of 6.9% by 13.2%. As the number of jobs declined, the labor force par cipa on rate increased from 58.3% to

60.7% between 2014 and 2019.

Concerning educa onal a ainment, 14.0% of Rio Blanco County, CO residents possess a Bachelor's Degree (4.8% below the

na onal average), and 11.9% hold an Associate's Degree (3.8% above the na onal average).

The top three industries in 2019 are Educa on and Hospitals (Local Government), Local Government, Excluding Educa on and

Hospitals, and Coal Mining.

6,275 3,197 $58.0KPopula on (2019) Total Regional Employment Median Household Income (2017)

Popula on decreased by 350 overthe last 5 years and is projected todecrease by 199 over the next 5

years.

Jobs decreased by 217 over thelast 5 years but are projected to

grow by 77 over the next 5 years.

Median household income is $339above the na onal median

household income of $57.7K.

Region 6,275 3,028 3,197 109.1 $419.45M $561.76M $652.28M

Pitkin County 18,065 12,181 18,749 151.9 $2.09B $2.48B $2.36B

State 5,776,548 3,188,763 3,055,464 112.8 $367.83B $247.81B $307.48B

Popula on(2019)

LaborForce

(2019)Jobs

(2019)

Costof

Living GRP Imports Exports

Economy Overview


2019 Labor Force Breakdown

Popula on

6,275

Educa onal A ainment

Concerning educa onal a ainment, 14.0% of Rio Blanco County, CO residents possess a Bachelor's Degree (4.8% below the

na onal average), and 11.9% hold an Associate's Degree (3.8% above the na onal average).

Popula on

A Total Working Age Popula on 4,992

A Not in Labor Force (15+) 1,964

A Labor Force 3,028

A Employed 2,915

A Unemployed 113

A Under 15 1,283

% of Popula on Popula on

A Less Than 9th Grade 4.2% 176

A 9th Grade to 12th Grade 4.0% 167

A High School Diploma 32.5% 1,355

A Some College 25.9% 1,081

A Associate's Degree 11.9% 497

A Bachelor's Degree 14.0% 584

A Graduate Degree and Higher 7.5% 315

Economy Overview


Historic & Projected Trends

Popula on Trends

As of 2019 the region's popula on declined by 5.3% since 2014, falling by 350. Popula on is expected to decrease by 3.2%

between 2019 and 2024, losing 199.

2014 6,625

2015 6,503

2016 6,469

2017 6,394

2018 6,336

2019 6,275

2020 6,227

2021 6,184

2022 6,145

2023 6,109

2024 6,076

Timeframe Popula on

Economy Overview


Job Trends

From 2014 to 2019, jobs declined by 6.3% in Rio Blanco County, CO from 3,413 to 3,197. This change fell short of the na onal

growth rate of 6.9% by 13.2%.

2014 3,413

2015 3,298

2016 3,124

2017 3,193

2018 3,182

2019 3,197

2020 3,212

2021 3,227

2022 3,241

2023 3,257

2024 3,274

Timeframe Jobs

Economy Overview


Labor Force Par cipa on Rate Trends

2014 56.08%

2015 54.57%

2016 53.27%

2017 54.69%

2018 56.46%

January - April 2019 55.07%

May 2019 56.63%

June 2019 59.04%

July 2019 60.66%

Timeframe Labor Force Par cipa on Rate

Economy Overview


Unemployment Rate Trends

Rio Blanco County, CO had a July 2019 unemployment rate of 3.73%, decreasing from 5.97% 5 years before.

2014 5.97%

2015 5.24%

2016 5.00%

2017 3.78%

2018 4.46%

January - April 2019 5.46%

May 2019 3.47%

June 2019 4.04%

July 2019 3.73%

Timeframe Unemployment Rate

Economy Overview


Rio Blanco County, CO has 1,235

millennials (ages 25-39). The

na onal average for an area this

size is 1,303.

Re rement risk is about average in

Rio Blanco County, CO. The

na onal average for an area this

size is 1,834 people 55 or older,

while there are 1,952 here.

Racial diversity is low in Rio Blanco

County, CO. The na onal average

for an area this size is 2,510

racially diverse people, while there

are 975 here.

Rio Blanco County, CO has 478

veterans. The na onal average for

an area this size is 372.

Rio Blanco County, CO has 0.94

violent crimes per 1,000 people.

The na onal rate is 3.87 per 1,000

people.

Rio Blanco County, CO has 8.76

property crimes per 1,000 people.

The na onal rate is 22.98 per

1,000 people.

Popula on Characteris cs

1,235

Millennials

1,952

Re ring Soon

975

Racial Diversity

478

Veterans

0.94/1,000

Violent Crime

8.76/1,000

Property Crime

Economy Overview


Where Talent Works Where Talent Lives

Place of Work vs Place of Residence

Understanding where talent in Rio Blanco County, CO currently works compared to where talent lives can help you op mize site

decisions.

81641 Meeker, CO (in Rio Blanco county)… 1,603

81648 Rangely, CO (in Rio Blanco county)… 1,594

ZIP Name2019

Employment

81641 Meeker, CO (in Rio Blanco county)… 1,774

81648 Rangely, CO (in Rio Blanco county)… 1,619

ZIP Name2019

Workers

Economy Overview


Industry Characteris cs

Largest Industries

Industry Jobs Na onal Average

0 200 400 600 800 1,000 1,200

Government

Mining, Quarrying, and Oil and Gas Extrac on

Construc on

Accommoda on and Food Services

Retail Trade

Other Services (except Public Administra on)

Administra ve and Support and Waste Management andRemedia on Services

Agriculture, Forestry, Fishing and Hun ng

Transporta on and Warehousing

Health Care and Social Assistance

Professional, Scien fic, and Technical Services

U li es

Finance and Insurance

Manufacturing

Real Estate and Rental and Leasing

Arts, Entertainment, and Recrea on

Informa on

Economy Overview


Top Growing Industries

Industry Jobs Growth

0 20 40 60 80


Government





Manufacturing

Economy Overview


Top Industry LQ

Industry LQ

0.00 5.00 10.00 15.00 20.00 25.00 30.00


U li es


Government

Construc on





Retail Trade





Informa on


Manufacturing

Economy Overview


Top Industry GRP

2018 Gross Regional Product

$0.000 $50.00M $100.0M $150.0M


Government

U li es


Construc on




Retail Trade





Manufacturing


Informa on


Economy Overview


Top Industry Earnings

2019 Earnings Per Worker

$0 $20,000 $40,000 $60,000 $80,000 $100,000 $120,000 $140,000

U li es



Construc on



Informa on

Government



Manufacturing




Retail Trade



Economy Overview


Government 1,182 1,228 46 +4% 2.57 $52,150 $72.19M

Mining, Quarrying, and Oil and GasExtrac on

656 455 -201 -31% 33.69 $118,422 $161.10M

Construc on 305 239 -66 -22% 1.33 $61,656 $19.22M

Accommoda on and Food Services 230 213 -17 -7% 0.77 $25,007 $10.16M

Retail Trade 211 207 -4 -2% 0.65 $26,821 $9.75M

Other Services (except PublicAdministra on)

86 167 81 +94% 1.10 $30,724 $5.98M

Administra ve and Support andWaste Management and Remedia onServices

207 155 -52 -25% 0.78 $59,106 $15.93M

Agriculture, Forestry, Fishing andHun ng

94 108 14 +15% 2.92 $43,109 $22.80M

Transporta on and Warehousing 78 84 6 +8% 0.71 $83,268 $19.20M

Health Care and Social Assistance 49 70 21 +43% 0.17 $24,773 $2.56M

Professional, Scien fic, and TechnicalServices

61 57 -4 -7% 0.27 $56,848 $4.38M

U li es 52 47 -5 -10% 4.34 $143,200 $27.61M

Finance and Insurance 59 46 -13 -22% 0.36 $47,482 $8.33M

Manufacturing 33 37 4 +12% 0.15 $43,818 $3.50M

Real Estate and Rental and Leasing 29 35 6 +21% 0.64 $48,566 $5.06M

Arts, Entertainment, and Recrea on 32 26 -6 -19% 0.46 $28,884 $1.78M

Informa on 14 13 -1 -7% 0.23 $55,367 $2.51M

Industry2014Jobs

2019Jobs Change in Jobs

%Changein Jobs

2019LQ

2019 EarningsPer Worker 2018 GRP

Economy Overview


Business Characteris cs

539 Companies Employ Your Workers

Online profiles for your workers men on 539 companies as employers, with the top 10 appearing below. In the last 12 months,

385 companies in Rio Blanco County, CO posted job pos ngs, with the top 10 appearing below.

Colorado Northwestern Community College… 44

Rio Blanco County School District 33

Rangel Distribu ng Company 26

Chevron Corpora on 19

Meeker School District 15

Pioneer Medical Center 15

EnCana Corpora on 14

Blue Mountain Energy, Inc. 11

Bureau of Land Management 9

Enterprise Products Partners L.P. 9

Top Companies Profiles

Pioneer Medical Center 142

C.R. England, Inc. 117

NurseFly 82

Pla num Supplemental Insurance, Inc.… 63

The Gypsy Nurse 51

Kum & Go, L.C. 41

Teach For America, Inc. 40

May Trucking Company 39

Aureus Medical Management Services L.L.C.… 37

Family Dollar Stores, Inc. 35

Top Companies Pos ng Unique Pos ngs

Economy Overview


Business Size

*Business Data by DatabaseUSA.com is third-party data provided by Emsi to its customers as a convenience, and Emsi does not endorse or warrant its

accuracy or consistency with other published Emsi data. In most cases, the Business Count will not match total companies with profiles on the summary

tab.

Percentage Business Count

A 1 to 4 employees 50.8% 185







Economy Overview


Workforce Characteris cs

Largest Occupa ons

Occupa on Jobs Na onal Average

0 100 200 300 400

Construc on and Extrac on

Office and Administra ve Support

Transporta on and Material Moving

Educa on, Training, and Library

Healthcare Prac oners and Technical

Sales and Related

Installa on, Maintenance, and Repair

Management

Food Prepara on and Serving Related

Business and Financial Opera ons

Building and Grounds Cleaning and Maintenance

Personal Care and Service

Protec ve Service

Produc on

Farming, Fishing, and Forestry

Life, Physical, and Social Science

Community and Social Service

Healthcare Support

Architecture and Engineering

Computer and Mathema cal

Arts, Design, Entertainment, Sports, and Media

Legal

Economy Overview


Top Growing Occupa ons

Occupa on Jobs Growth

0 10 20 30 40 50








Healthcare Support


Economy Overview


Top Occupa on LQ

Occupa on LQ

0.00 1.00 2.00 3.00




Protec ve Service







Management




Legal



Sales and Related

Healthcare Support


Produc on


Economy Overview


Top Occupa on Earnings

2018 Median Hourly Earnings

$0.00 $10.00 $20.00 $30.00


Management

Legal




Produc on


Protec ve Service









Healthcare Support

Sales and Related




Economy Overview


Top Posted Occupa ons

Unique Average Monthly Pos ngs

0 20 40 60 80 100 120 140



Sales and Related


Management





Healthcare Support







Produc on


Protec ve Service



Economy Overview


Underemployment

Jobs Requiring Ed. Level Popula on at Ed. Level

0% 10% 20% 30% 40%

No Formal Educa on Required

High School Diploma or Equivalent

Some College, Non-Degree Award

Associate's Degree

Bachelor's Degree

Graduate Degree and Higher

Economy Overview


Construc on andExtrac on

627 472 -155 -25% 3.18 $23.45 4

Office andAdministra ve Support

402 366 -36 -9% 0.80 $17.37 18

Transporta on andMaterial Moving

310 250 -60 -19% 1.14 $20.85 58

Educa on, Training, andLibrary

224 227 3 +1% 1.26 $20.52 11

Healthcare Prac onersand Technical

188 211 23 +12% 1.19 $30.72 155

Sales and Related 208 187 -21 -10% 0.59 $15.29 35

Installa on,Maintenance, and Repair

200 182 -18 -9% 1.46 $24.14 7

Management 180 173 -7 -4% 0.94 $37.03 15

Food Prepara on andServing Related

159 162 3 +2% 0.61 $12.31 8

Business and FinancialOpera ons

143 142 -1 -1% 0.85 $28.29 4

Building and GroundsCleaning andMaintenance

99 131 32 +32% 1.13 $13.43 4

Personal Care andService

75 127 52 +69% 0.90 $12.79 4

Protec ve Service 117 114 -3 -3% 1.61 $23.52 2

Produc on 109 82 -27 -25% 0.44 $25.23 3

Farming, Fishing, andForestry

57 67 10 +18% 2.82 $19.25 2

Life, Physical, and SocialScience

76 66 -10 -13% 2.54 $22.84 4

Community and SocialService

43 52 9 +21% 0.97 $22.09 3

Healthcare Support 42 45 3 +7% 0.53 $15.49 6

Occupa on2014Jobs


%Changein Jobs

2019LQ

2018 MedianHourly Earnings

Dec 2018 - Nov 2019Unique Average Monthly

Pos ngs

Economy Overview


Architecture andEngineering

61 45 -16 -26% 0.83 $39.90 6

Computer andMathema cal

31 36 5 +16% 0.39 $31.28 2

Arts, Design,Entertainment, Sports,and Media

32 29 -3 -9% 0.51 $17.21 6

Legal 23 22 -1 -4% 0.82 $33.34 0

Occupa on2014Jobs


%Changein Jobs

2019LQ

2018 MedianHourly Earnings

Dec 2018 - Nov 2019Unique Average Monthly

Pos ngs

Economy Overview


Educa onal Pipeline

In 2018, there were 319 graduates in Rio Blanco County, CO. This pipeline has grown by 57% over the last 5 years. The highest

share of these graduates come from Liberal Arts and Sciences/Liberal Studies, Nursing Assistant/Aide and Pa ent Care

Assistant/Aide, and "Natural Resources/Conserva on, General".

Cer ficate Associate's Bachelor's Master's or Higher

Colorado Northwestern CommunityCollege

319

SchoolTotal Graduates

(2018)Graduate Trend (2014 -

2018)

Economy Overview


In-Demand Skills

Top Hard Skills Na onal Average

0 100 200 300 400 500

Basic Life Support

Nursing

Emergency Departments

Advanced Cardiovascular Life Support (ACLS)

Occupa onal Therapy

Long-Term Care

Acute Care

Cardiopulmonary Resuscita on (CPR)

Rehabilita on

Pediatric Advanced Life Support

Economy Overview


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Rio Blanco County, CO...From 2014 to 2019, jobs declined by 6.3% in Rio Blanco County, CO from 3,413...

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