Manufacturing is important to the Colorado economy for a variety of reasons.
From a data perspective, manufacturing is important for the following reasons:
- 131,989 workers are employed in the sector. This is 5.8% of total employment and 7.0% of all private sector jobs.
- There are 5,280 manufacturing establishments. This is 3.1% of all firms, public and private.
- Total annual wages are $8.2 billion, or 7.2% of total wages and 8.5% of the private sector total.
- Average annual wages are $62,237. This is 123.1% of the state average and 122.2% of the private sector average.
The source is the 2012 QCEW data series produced by BLS.
©Copyright 2011 by CBER.