The largest job declines occurred in textile product

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Unformatted text preview: ucts, which posted its second-consecutive year of growth and added about 300 jobs. Plastics and rubber products will continue to grow in 2012, adding 300 more jobs. Most of the other nondurable goods industries are expected to remain stable in 2012. This includes the largest other nondurable goods subsector, chemical manufacturing. With 5,700 employees in 2011, Colorado’s chemical manufacturing companies have been challenged by tight access to capital—bioscience venture capital has decreased by about 40% in the past three years— and a burdensome FDA approval process. Other nondurables goods employment is expected to increase slightly in 2012, to 15,000 workers. Durable Goods About 65% of the employment in the Manufacturing Sector is found in durable goods industries. Durable goods manufacturing includes the production of goods lasting longer than one year, such as nonmetallic minerals, fabricated metals, computer and electronics, transportation equipment, and other durable goods. Employment in durable goods manufacturing grew 2.6% in 2011, the first increase in Colorado since 2000. However, slowing economic activity will contribute to a 1.7% de...
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This note was uploaded on 02/11/2013 for the course MGMT 231 taught by Professor Yu during the Spring '13 term at Bauder.

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