Monday, May 18, 2020
Workers in the Colorado Springs, CO Metropolitan Statistical Area had an average (mean) hourly wage of $25.17 in May 2019, about 2 percent below the nationwide average of $25.72, the U.S. Bureau of Labor Statistics reported today. Acting Regional Commissioner Susan Mendez noted that, after testing for statistical significance, 10 of the 22 major occupational groups had significantly lower wages than their respective national averages, including legal; arts, design, entertainment, sports, and media; and educational instruction and library. Wages in the local area were higher than their respective national averages in three groups: healthcare support, architecture and engineering, and food preparation and serving related.
When compared to the nationwide distribution, Colorado Springs area employment was more highly concentrated in 10 of the 22 occupational groups, including computer and mathematical, business and financial operations, and sales and related. Conversely, six groups had employment shares significantly below their national representation, including production, transportation and material moving, and management. (See table A and box note at end of release.)
|Major occupational group||Percent of total employment||Mean hourly wage|
|United States||Colorado Springs||United States||Colorado Springs||Percent difference (1)|
Total, all occupations
Business and financial operations
Computer and mathematical
Architecture and engineering
Life, physical, and social science
Community and social service
Educational instruction and library
Arts, design, entertainment, sports, and media
Healthcare practitioners and technical
Food preparation and serving related
Building and grounds cleaning and maintenance
Personal care and service
Sales and related
Office and administrative support
Farming, fishing, and forestry
Construction and extraction
Installation, maintenance, and repair
Transportation and material moving
One occupational group—business and financial operations—was chosen to illustrate the diversity of data available for any of the 22 major occupational categories. Colorado Springs had 20,210 jobs in business and financial operations, accounting for 7.0 percent of local area employment, significantly higher than the 5.6-percent share nationally. The average hourly wage for this occupational group locally was $36.22, significantly below the national wage of $37.56.
Some of the larger detailed occupations within the business and financial operations group included accountants and auditors (3,130), market research analysts and marketing specialists (1,560), and human resources specialists (1,260). Among the higher-paying jobs in this group were personal financial advisors, and management analysts, with mean hourly wages of $40.92 and $40.30, respectively. At the lower end of the wage scale were tax preparers ($19.91) and meeting, convention, and event planners ($21.01). (Detailed data for the business and financial operations occupations are presented in table 1; for a complete listing of detailed occupations available go to www.bls.gov/oes/current/oes_17820.htm.)
Location quotients allow us to explore the occupational make-up of a metropolitan area by comparing the composition of jobs in an area relative to the national average. (See table 1.) For example, a location quotient of 2.0 indicates that an occupation accounts for twice the share of employment in the area than it does nationally. In the Colorado Springs area, above-average concentrations of employment were found in some of the occupations within the business and financial operations group. For instance, budget analysts were employed at 2.0 times the national rate in Colorado Springs, and logisticians, at 1.8 times the U.S. average. Human resources specialists had a location quotient of 1.0 in Colorado Springs, indicating that this particular occupation’s local and national employment shares were similar.
These statistics are from the Occupational Employment Statistics (OES) survey, a federal-state cooperative program between BLS and State Workforce Agencies, in this case, the Colorado Department of Labor and Employment.
With the May 2019 estimates, the OES program has begun implementing the 2018 Standard Occupational Classification (SOC) system. Each set of OES estimates is calculated from six panels of survey data collected over three years. Because the May 2019 estimates are based on a combination of survey data collected using the 2010 SOC and survey data collected using the 2018 SOC, these estimates use a hybrid of the two classification systems that contains some combinations of occupations that are not found in either the 2010 or 2018 SOC. These combinations may include occupations from more than one 2018 SOC minor group or broad occupation. Therefore, OES will not publish data for some 2018 SOC minor groups and broad occupations in the May 2019 estimates. The May 2021 estimates, to be published in Spring 2022, will be the first OES estimates based entirely on survey data collected using the 2018 SOC.
In addition, the OES program has replaced some 2018 SOC detailed occupations with SOC broad occupations or OES-specific aggregations. These include home health aides and personal care aides, for which OES will publish only the 2018 SOC broad occupation 31-1120 Home Health and Personal Care Aides.
The May 2019 OES estimates use the metropolitan area definitions delineated in Office of Management and Budget (OMB) Bulletin 17-01, which add a new Metropolitan Statistical Area (MSA) for Twin Falls, Idaho. For more information on the area definitions used in the May 2019 estimates, please see www.bls.gov/oes/current/msa_def.htm.
The Occupational Employment Statistics (OES) survey is a semiannual survey measuring occupational employment and wage rates for wage and salary workers in nonfarm establishments in the United States. The OES data available from BLS include cross-industry occupational employment and wage estimates for the nation; over 580 areas, including states and the District of Columbia, metropolitan statistical areas (MSAs), nonmetropolitan areas, and territories; national industry-specific estimates at the NAICS sector, 3-digit, most 4-digit, and selected 5- and 6-digit industry levels, and national estimates by ownership across all industries and for schools and hospitals. OES data are available at www.bls.gov/oes/tables.htm.
The OES survey is a cooperative effort between BLS and the State Workforce Agencies (SWAs). BLS funds the survey and provides the procedures and technical support, while the State Workforce Agencies collect most of the data. OES estimates are constructed from a sample of about 1.1 million establishments. Each year, two semiannual panels of approximately 180,000 to 200,000 sampled establishments are contacted, one panel in May and the other in November. Responses are obtained by mail, Internet or other electronic means, email, telephone, or personal visit. The May 2019 estimates are based on responses from six semiannual panels collected over a 3-year period: May 2019, November 2018, May 2018, November 2017, May 2017, and November 2016. The unweighted sample employment of 83 million across all six semiannual panels represents approximately 57 percent of total national employment. The overall national response rate for the six panels, based on the 50 states and the District of Columbia, is 71 percent based on establishments and 68 percent based on weighted sampled employment. The sample in the Colorado Springs, CO Metropolitan Statistical Area included 2,556 establishments with a response rate of 82 percent. For more information about OES concepts and methodology, go to www.bls.gov/oes/current/oes_tec.htm.
A value that is statistically different from another does not necessarily mean that the difference has economic or practical significance. Statistical significance is concerned with the ability to make confident statements about a universe based on a sample. It is entirely possible that a large difference between two values is not significantly different statistically, while a small difference is, since both the size and heterogeneity of the sample affect the relative error of the data being tested.
The May 2019 OES estimates are the first set of OES estimates to be based in part on survey data collected using the 2018 SOC. These estimates use a hybrid of the 2010 and 2018 SOC systems. More information on the hybrid classification system is available at www.bls.gov/oes/soc_2018.htm.
The May 2019 OES estimates are based on the 2017 North American Industry Classification System (NAICS). More information about the 2017 NAICS is available at www.bls.gov/bls/naics.htm.
Metropolitan area definitions
The substate area data published in this release reflect the standards and definitions established by the U.S. Office of Management and Budget.
The Colorado Springs, CO Metropolitan Statistical Area includes El Paso and Teller Counties.
For more information
Information in this release will be made available to sensory impaired individuals upon request. Voice phone: (202) 691-5200; Federal Relay Service: (800) 877-8339.
|Occupation (1)||Employment||Mean wages|
|Level (2)||Location quotient (3)||Hourly||Annual (4)|
Business and financial operations occupations
Buyers and purchasing agents
Claims adjusters, examiners, and investigators
Human resources specialists
Labor relations specialists
Meeting, convention, and event planners
Compensation, benefits, and job analysis specialists
Training and development specialists
Market research analysts and marketing specialists
Project management specialists and business operations specialists, all other
Accountants and auditors
Personal financial advisors
Financial and investment analysts, financial risk specialists, and financial specialists, all other
Last Modified Date: Monday, May 18, 2020