Colorado Manufacturing Sector Gains Momentum, Adds Jobs for Fourth Straight Year
EVANSTON, Ill.--(BUSINESS WIRE)--Manufacturers’ News, Inc. -- For a fourth straight year, industrial employment in Colorado posted a gain, reports the 2015 Colorado Manufacturers Directory®, a manufacturers database and directory published by Manufacturers’ News, Inc. (MNI). According to data collected by MNI, Colorado manufacturers added 2,919 jobs, a 1.3% increase, from June 2013 to June 2014, slightly higher than the 1.1% national average gain as reported by the Labor Department for the same time period.
“Manufacturers in Colorado are making large strides, particularly in oil and gas extraction”
Manufacturers’ News reports Colorado is now home to 6,352 manufacturers employing 213,493 workers.
“Manufacturers in Colorado are making large strides, particularly in oil and gas extraction,” says Tom Dubin, President of the Evanston, IL-based publishing company, which has been surveying industry since 1912. “The state’s business-friendly environment and flourishing energy sector continue to support industrial growth.”
For the full story, including a list of companies expanding in Colorado, click here.
According to the database of Colorado manufacturers, gains were led by the oil & gas extraction industry, which posted a 17.1% employment increase, with jobs in the sector climbing nearly 75% over the past six years. Oil and gas extraction accounts for 18,618 jobs in Colorado, ranking it fourth in the state for industrial employment.
Other industrial sectors adding jobs in Colorado include furniture/fixtures, up 6.3%; instruments/related products, up 4.1%; fabricated metals, up 4%; and food products, up 2.1%.
Manufacturing companies in Denver employ 41,772 workers, according to MNI, up 1.7% over last year. Jobs were up 5.5% in Broomfield and 2.1% in Englewood. Northeast Colorado accounts for the most industrial employment, with 137,484 industrial jobs, up 2.3% over the year
Detailed profiles of all Colorado manufacturers can be found in the 2014 Colorado Manufacturers Directory® available in print or online. Established in 1912, Manufacturers’ News, Inc. is the nation’s oldest and largest publisher of industrial information. MNI offers a variety of tailored solutions to help customers connect with 430,000 manufacturers and suppliers, from print directories to online subscriptions. MNI’s industrial database subscription service EZ Select allows users to tap into a live interactive database of manufacturers, while its industrial search engine IndustryNet connects buyers and suppliers and allows users to view profiles and obtain competitive quotes. For more information, contact Manufacturers’ News, Inc. 847-864-7000. http://www.manufacturersnews.com