State Labor Department Releases Analysis of Second Quarter 2015 Economic Data
(DENVER) – Today, the Colorado Department of Labor and Employment released an analysis of expected revisions to the monthly nonfarm payroll jobs estimates based on second quarter 2015 Quarterly Census of Employment and Wages (QCEW) results.
June 2015 total nonfarm payroll jobs estimates, produced by the Bureau of Labor Statistics and the Colorado Department of Labor and Employment, are expected to be revised up by about 12,800 or five-tenths of a percentage point. April and May 2015 estimates are expected to be revised up by about seven-tenths and sixth-tenths of a percentage point, respectively.
This analysis is based on employer reports filed with the Department of Labor and Employment, which include a count of workers at each business establishment in Colorado and are available through the QCEW program.
Other key findings of the analysis include:
- Industry sectors expected to undergo the greatest upward revisions to payroll jobs estimates in the 2nd quarter include professional and business services, trade, transportation and utilities, information, other services and government. Jobs in manufacturing and financial activities may also be revised up.
- The industry sectors expected to undergo a downward revision to payroll jobs estimates in the 2nd quarter are construction, leisure and hospitality, mining and logging, and education and health services.
- The area expected to undergo the greatest upward revision to payroll jobs estimates in the 2nd quarter is the Denver Metropolitan Statistical Area. Estimates for the Colorado Springs, Boulder and Pueblo Metropolitan Statistical Areas may be revised up.
- Payroll jobs estimates for the Greeley and Grand Junction Metropolitan Statistical Areas are expected to be revised down. Estimates for the Fort Collins Metropolitan Statistical Area may be revised down.
A complete overview of the expected revisions to Colorado nonfarm payroll jobs is available in the attached pdf document.
Expected Revisions to Colorado Nonfarm Payroll Jobs based on third quarter 2015 QCEW data will be released on Wednesday, February 24, 2016.
For Immediate Release
Date: December 1, 2015 / 8:00 AM
Contact: Bill Thoennes (303) 318-8004 or Cher Haavind (303) 318-8003
Office of Government, Policy and Public Relations