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Industry_Snapshot_Report_Retail_Trade_in_Eagle_County_CO_8936 Industry Snapshot Report Retail Trade in Eagle County, CO Colorado Workforce Intelligence Data Experts 633 17th Street, Suite 900 Denver, Colorado 80202 Emsi Q4 2021 Data Set | www.economicmodeling.com Industry Snapshot Report Emsi Q4 2021 Data Set | www.economicmodeling.com . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .11 Contents What is Emsi Data? Report Parameters Workforce Map Execu"ve Summary Supply (Jobs) Demographic Details Demand What skills are they pos"ng for? Industry Snapshot Report Emsi Q4 2021 Data Set | www.economicmodeling.com What is Emsi Data? Emsi data is a hybrid dataset derived from official government sources such as the US Census Bureau, Bureau of Economic Analysis, and Bureau of Labor Sta"s"cs. Leveraging the unique strengths of each source, our data modeling team creates an authorita"ve dataset that captures more than 99% of all workers in the United States. This core offering is then enriched with data from online social profiles, resumés, and job pos"ngs to give you a complete view of the workforce. Emsi data is frequently cited in major publica"ons such as The Atlan c, Forbes, Harvard Business Review, The New York Times, The Wall Street Journal , and USA Today . Industry Snapshot Report Emsi Q4 2021 Data Set | www.economicmodeling.com 1 1 Industry 1 County Class of Worker QCEW Employees, Non-QCEW Employees, and Self-Employed The informa"on in this report pertains to the chosen industry and geographical area. Report Parameters 44 Retail Trade 8037 Eagle County, CO Industry Snapshot Report Emsi Q4 2021 Data Set | www.economicmodeling.com 2 Workforce Map Industry Snapshot Report Emsi Q4 2021 Data Set | www.economicmodeling.com 3 Eagle County, CO is about average for this kind of talent. The na"onal average for an area this size is 3,370* employees, while there are 3,624 here. Earnings per job are above the na"onal average. The na"onal average salary for Retail Trade in an area this size is $43,985, while in Eagle County, CO it is $50,152. Earnings per jobs is the total industry earnings divided by the number of jobs in the industry. Compe""on from online job pos"ngs is about average in Eagle County, CO. The na"onal average for an area this size is 343* job pos"ngs/mo, while there are 363 here. Execu"ve Summary Average Hiring Compeon Over an Average Supply of Regional Talent *Na"onal average values are derived by taking the na"onal value for Retail Trade and scaling it down to account for the difference in overall workforce size between the na"on and Eagle County, CO. In other words, the values represent the na"onal average adjusted for region size. 3,624 Supply (Jobs) $50,152 Earnings Per Job 363 Demand (Job Posngs) Industry Snapshot Report Emsi Q4 2021 Data Set | www.economicmodeling.com 4 Supply (Jobs) Supply Is About Equal to the Naonal Average The regional vs. na"onal average employment helps you understand if the supply of Retail Trade is a strength or weakness for Eagle County, CO, and how it is changing rela"ve to the na"on. An average area of this size would have 3,370* employees, while there are 3,624 here. The gap between expected and actual employment is expected to increase over the next 5 years. 2% Past Growth (2015 - 2020) 7% Projected Growth (2020 - 2025) *Na"onal average values are derived by taking the na"onal value for Retail Trade and scaling it down to account for the difference in overall workforce size between the na"on and Eagle County, CO. In other words, the values represent the na"onal average adjusted for region size. Industry Snapshot Report Emsi Q4 2021 Data Set | www.economicmodeling.com 5 Re"rement risk is high in Eagle County, CO. The na"onal average for an area this size is 829* employees 55 or older, while there are 950 here. Racial diversity is low in Eagle County, CO. The na"onal average for an area this size is 1,332* racially diverse employees, while there are 984 here. Gender diversity is about average in Eagle County, CO. The na"onal average for an area this size is 1,807* female employees, while there are 1,789 here. Rerement Risk Is High, While Overall Diversity Is Low *Na"onal average values are derived by taking the na"onal value for Retail Trade and scaling it down to account for the difference in overall workforce size between the na"on and Eagle County, CO. In other words, the values represent the na"onal average adjusted for region size. Unemployment Rate Trends Unemployment shown at the 2-digit sector level. Jan 2017 Jan 2018 Jan 2019 Jan 2020 Jan 2021 100 200 300 400 500 600 700 800 Industry Unemployment950 Rering Soon 984 Racial Diversity 1,789 Gender Diversity Industry Snapshot Report Emsi Q4 2021 Data Set | www.economicmodeling.com 6 Demographic Details Industry Age Breakdown Industry Race/Ethnicity Breakdown % of Jobs Jobs A 14-18 4.1% 149 A 19-24 11.4% 414 A 25-34 22.3% 808 A 35-44 17.9% 648 A 45-54 18.1% 656 A 55-64 17.9% 649 A 65+8.3% 301 % of Jobs Jobs A White 72.9% 2,641 A Hispanic or La"no 21.4% 774 A Asian 2.1% 76 A Black or African American 1.9% 68 A Two or More Races 1.2% 45 A American Indian or Alaska Na"ve 0.4% 16 A Na"ve Hawaiian or Other Pacific Islander 0.1% 4 Industry Snapshot Report Emsi Q4 2021 Data Set | www.economicmodeling.com 7 Industry Gender Breakdown Most Jobs are Found in the Sales and Related Occupaons Industry Sector % of Jobs Jobs A Males 50.6% 1,835 A Females 49.4% 1,789 Occupaon % of Industry in Occupaon (2020) A Sales and Related Occupa"ons 60.7% A Transporta"on and Material Moving Occupa"ons 14.3% A Office and Administra"ve Support Occupa"ons 6.7% A Installa"on, Maintenance, and Repair Occupa"ons 3.9% A Produc"on Occupa"ons 2.3% A Healthcare Prac""oners and Technical Occupa"ons 2.2% A Other 9.9% Industry Snapshot Report Emsi Q4 2021 Data Set | www.economicmodeling.com 8 Demand 267 Employers Compeng All employers in the region who posted for this job over the last 12 months. 1,957 Unique Job Posngs The number of unique pos"ngs for this job over the last 12 months. 22 Day Median Duraon Pos"ng dura"on is 2 days shorter than what's typical in the region. Whole Foods Market, Inc.217 The Kroger Co 161 The Home Depot 151 Wal-Mart, Inc.139 W At East West Hwy 101 Top Companies Unique Posngs Cashiers 39 Cer"fied Pharmacy Technicians 37 Lot Associates 26 Pharmacy Technicians 26 Retail Sales Associates 24 Top Job Titles Unique Posngs Industry Snapshot Report Emsi Q4 2021 Data Set | www.economicmodeling.com 9 Industry Gain and Drain Reliable Gain and Drain informa"on is not available for the currently selected industry. Industry Snapshot Report Emsi Q4 2021 Data Set | www.economicmodeling.com 10 What skills are they pos"ng for? Top 15 Skills for All Job Types by Quarter Skills help us understand the direc"on an industry is headed. Aug 2020 - Oct 2020 Nov 2020 - Jan 2021 Feb 2021 - Apr 2021 May 2021 - Jul 2021 Aug 2021 - Oct 2021 Merchandising Merchandising Merchandising Merchandising Customer Experience Customer Experience Customer Experience Customer Experience Food Safety Food Safety Food Safety Food Safety Selling Techniques Selling Techniques Selling Techniques Selling Techniques Cash Register Cash Register Cash Register Cash Register Warehousing Warehousing Warehousing Warehousing Sanita"on Sanita"on Sanita"on Sanita"on Palle"zing Palle"zing Palle"zing Palle"zingInventory Management Inventory Management Inventory Management Inventory Management Standard Opera"ng Procedure Standard Opera"ng Procedure Standard Opera"ng Procedure Standard Opera"ng Procedure Heavy Equipment Heavy Equipment Heavy Equipment Heavy Equipment Geographic Coordinate System Geographic Coordinate System Geographic Coordinate System Geographic Coordinate System Career Development Career Development Career Development Career Development Cash Handling Cash Handling Cash Handling Cash HandlingOccupa"onal Safety And Health Occupa"onal Safety And Health Occupa"onal Safety And Health Occupa"onal Safety And Health Gross Regional Product (GRP) $192.9M $32.6M $52.6M $278.1M Earnings (2020)Property Income (2020)Taxes (2020) Total GRP (2020) Industry Snapshot Report Emsi Q4 2021 Data Set | www.economicmodeling.com 11 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 $200M $250M $300M Gross Regional ProductIndustry Requirements Corporate, Subsidiary, and Regional Managing Offices $2,835,219 $13,985,041 $16,820,260 General Warehousing and Storage $4,122,691 $7,801,426 $11,924,117 Lessors of Residen"al Buildings and Dwellings $10,431,859 $412 $10,432,271 Offices of Real Estate Agents and Brokers $8,156,099 $1,132 $8,157,232 Lessors of Nonresiden"al Buildings (except Miniwarehouses) $6,809,456 $8,308 $6,817,763 Purchases from In-region Purchases Imported Purchases Total Purchases Industry Snapshot Report Emsi Q4 2021 Data Set | www.economicmodeling.com 12