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Twelve of the 21 naics sectors reported job losses

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Unformatted text preview: 507 jobs and 2,216 jobs in 2009 and 2008, respectively. Five 120 sectors saw job gains in 2010: Healthcare (839), Education Services (391), Retail (297), Government (292), and Administration and Waste Services (263). Job losses were more common than job gains. Twelve of the 21 NAICS sectors reported job losses. Sectors that shed jobs in 2010 are: Construction (-1,514 jobs), Manufacturing (-863 jobs), Professional and Technical Services (-659 jobs), and Wholesale (-499 jobs). The remaining 8 sectors had smaller losses. Echoing the very weak job market is an unemployment rate that has averaged 9.4% since January 2009. The seasonally adjusted unemployment rate hit 10% in November 2010. Since then, it has declined, to 9.5%. However, this is misleading. If discouraged workers are included, the unemployment rate in El Paso County would be close to 15.5%. If not for the build-up of the military, especially at Fort Carson, an additional 10,000 people could very well be unemployed. Wages and Income Well-paid Manufacturing and Information Technology jobs continue to be r...
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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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