Press Release: Colorado Occupational Employment and Wages - 2023

Hide Featured Image
true

Colorado Occupational Employment and Wages - 2023

The Occupational Employment and Wage Statistics (OEWS) program is a Federal-State cooperative program that provides estimates of employment and wages for over 800 non-military detailed occupations in 22 major occupational groups. Every year, the Colorado Department of Labor and Employment, in partnership with the Bureau of Labor Statistics (BLS), collects and publishes occupation and wage data for the State of Colorado and for ten substate regions: seven Metropolitan Statistical Areas (MSAs) and three Balance of State (BOS) Areas.

Statewide Highlights

Workers in the State of Colorado had a mean (average) hourly wage of $34.60 in 2023, about 9.9 percent above the US average of $31.48, according to the Colorado Department of Labor and Employment and the BLS. The statewide median hourly wage for all covered employment was $25.98 compared to the US median of $23.11.

Statewide Occupational Employment and Wages

The occupational groups with the most workers were office and administrative support (314,170 workers), sales and related (301,430), and food preparation and serving related occupations (265,770). These three groups accounted for about 31 percent of total covered employment. Management occupations had the highest average wage, while food preparation and serving related occupations had the lowest.

Regional Occupational Employment

The most common occupations statewide were fast food and counter workers (77,500), retail salespersons (75,200), and stockers and order fillers (55,430), and the first two were also among the top three occupations in most of the substate areas.

Regional Occupational Wages

The Boulder MSA had the highest overall average and median wages and the Eastern & Southern Colorado BOS Area had the lowest. Both Boulder and Denver had average and median wages that are higher than the statewide average and median.

Statewide Location Quotients (LQs)

A location quotient allows us to explore the occupational make-up of a state, MSA, or BOS Area by comparing the composition of jobs in an area relative to the national average. For example, an LQ of 2.0 indicates that an occupation accounts for twice the share of employment in an area than it does nationally.

Compared to the US, Colorado demonstrated a higher share of employment in architecture and engineering (LQ of 1.48), life, physical, and social science (1.43), computer and mathematical (1.42), business and financial operations (1.37), personal care and service (1.23), sales and related (1.21), construction and extraction (1.19), legal (1.16), and community and social service occupations (1.10) and a lower share of employment in farming, fishing, and forestry (0.52), production (0.60), healthcare support (0.75), management (0.80), transportation and material moving (0.82), and healthcare practitioners and technical occupations (0.89). 

Regional Location Quotients (LQs)

The occupations with the highest concentrations of employment in each substate area were astronomers in the Boulder MSA (LQ of 69.85), insurance appraisers, auto damage in the Colorado Springs MSA (10.87), airline pilots, copilots, and flight engineers in the Denver-Aurora-Lakewood MSA (5.39), forestry and conservation science teachers, postsecondary in the Fort Collins MSA (51.77), service unit operators, oil and gas in the Grand Junction MSA (15.68) and in the Greeley MSA (26.86), court, municipal, and license clerks in the Pueblo MSA (5.52), wind turbine service technicians in the Eastern & Southern Colorado BOS Area (41.34), loading and moving machine operators, underground mining in the Southwest Colorado BOS Area (13.61), and grounds maintenance workers, all other in the Northwest Colorado BOS Area (21.72). More location quotients are available through our Excel Downloads at LMI Products and Publications.

Spotlight on: Computer & Mathematical Occupations

Growth in employment of this major group since 2010 led to the addition of several new occupational classifications with the 2018 revision to the Standard Occupational Classification system. New members of this category include database architects, data scientists, web and digital interface designers, and software quality assurance analysts and testers. There were 137,030 workers employed in computer & mathematical occupations in Colorado in 2023, with an average hourly wage of $58.77 and a median hourly wage of $53.93.

The Colorado Occupational Employment and Wage Statistics Survey

In Colorado, 3,878 businesses were initially surveyed beginning in November of 2022 and 3,910 were initially surveyed beginning in May of 2023. After excluding establishments that were out of business or out of scope, a total of 81.7 percent of 7,318 businesses provided information on the job titles and wages of their employees. These data were combined with responses from the previous two years (four semiannual surveys) to produce the May 2023 occupational estimates highlighted in this document. 

OEWS data are available from BLS at BLS OEWS data, on the CDLE LMI website, and at Colorado LMI Gateway. Industry-specific data (NAICS Sector and 3- and 4-digit, Excel files) are available at BLS OEWS research estimates.

Technical Note

The OEWS survey is a semiannual survey measuring occupational employment and wage rates for wage and salary workers in nonfarm establishments in the United States. The OEWS data available from BLS include: 

  • cross-industry occupational employment and wage estimates for the nation and for over 580 areas, including states and the District of Columbia, MSAs, nonmetropolitan areas, and territories;
  • national industry-specific estimates at the North American Industrial Classification System (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.

OEWS data are available at BLS OEWS data.

OEWS estimates are constructed from a sample of about 1.1 million establishments. Each year, two semiannual panels of approximately 181,000 to 189,000 sampled establishments are contacted, one panel in May and the other in November. Responses are obtained by Internet or other electronic means, mail, email, telephone, or personal visit. The May 2023 estimates are based on responses from six semiannual panels collected over a 3-year period: May 2023, November 2022, May 2022, November 2021, May 2021, and November 2020. The unweighted sampled employment of 81.4 million across all six semiannual panels represents approximately 55 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 65.8 percent based on establishments and 64.3 percent based on weighted sampled employment.

For more information about OEWS concepts and methodology, go to BLS OEWS technical notes.

May 2023 OEWS data are available for most 2018 Standard Occupational Classification (SOC) detailed occupations. To improve data quality, the OEWS program has replaced some 2018 SOC detailed occupations with SOC broad occupations or OEWS-specific aggregations. Information about the SOC system is available on the BLS website at BLS SOC information and information about the NAICS system is available at BLS NAICS information.

New estimation methodology

Starting with the May 2021 estimates, the OEWS program implemented a new estimation method. This new model-based method, called MB3, has advantages over the previous estimation method, as described in the Monthly Labor Review article “Model-Based Estimates for the Occupational Employment Statistics program.” Technical information is available in the Survey Methods and Reliability Statement for May 2023.

Substate area definitions

The May 2023 OEWS estimates use the metropolitan area definitions delineated in Office of Management and Budget (OMB) Bulletin 17-01. Nonmetropolitan area definitions are specific to the OEWS program and are set in consultation with the state workforce agencies. For more information, please see BLS OEWS area definitions.

Additional information

Answers to frequently asked questions about OEWS, including uses of OEWS data, are available at BLS OEWS FAQs.

Read the full release to view data tables and charts.

Resources Mentioned

OEWS 2023 Press Release

Show Post Date