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TABLE 17 NUMBER EMPLOYED BY MAJOR INDUSTRY GROUP, FREMONT COUNTY, 1974 Estimated number employed Percent Number Manufacturing Mining Agriculture Trade (retail and wholesale) Government (1974) Transportation and Public Utilities Finance, Insurance, Real Estate Service Contract Construction Totals 1,114 148 315 1,167 1,351 341 210 1,193 263 6,102 18.3 2.4 5.2 19.1 22.1 5.6 3.4 19.6 4.3 100.0% Source: U.S. Department of Commerce-County Business Patterns, 1974. Income Another indication of change within an economy is the level of personal income, both in terms of how much is being earned and from what sector of the economy the income is derived. Since data is only readily avail- able for Fremont County, inferences about changes in income will have to be made f~r Canon City on the basis of this County data. As can be seen from Table 18 on. the following page, with the exception of agriculture, personal income has been increasing throughout the various sectors of the Fremont County economy. Part of this increase is due to inflation, but the percentage changes over the period 1970-75 are high enought to reflect real growth in the level of personal income. To est- imate real growth in personal income, the following technique can be used. Assuming a 7 percent annual inflation rate, 35 percent of the increase per capita income over the 1970-1975 period can be attributed to inflation. But because per capita income increased by 50 percent during the same period, there was an overall increase in personal income of about 15 percent. This increase in personal incume is also reflected in Table 19 on the fol- lowing page, which lists bank deposits reported for Canon City and Fremont County. During 1970-1975, bank deposits per capita in Canon City increased from about $2,875 to $3,830 in 1975, a rise of 75 percent. (Some of this increase must be attributed to increased commercial deposits as well.) . 62 1 I I I I I I I I I I I I I I I I I I I