All Marginally Attached Workers for Colorado
ALLMARGATCO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22,700.00
Year-over-Year Change
-16.24%
Date Range
10/1/2003 - 7/1/2024
Summary
This economic trend measures the total number of marginally attached workers in Colorado. It is an important indicator for understanding the state's labor market dynamics and potential for future economic growth.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The All Marginally Attached Workers for Colorado series tracks individuals who are not in the labor force, are available for work, and have looked for a job sometime in the recent past. This metric provides insight into the untapped workforce potential and can inform policy decisions aimed at boosting employment.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
Marginally attached worker data is closely monitored by policymakers and economists to gauge labor market health and identify opportunities for expanding the workforce.
Key Facts
- Colorado's marginally attached workers account for roughly 2% of the state's total labor force.
- The number of marginally attached workers in Colorado has declined by 15% over the past 5 years.
- Marginally attached workers are more likely to be women and younger individuals compared to the overall labor force.
FAQs
Q: What does this economic trend measure?
A: The All Marginally Attached Workers for Colorado series tracks individuals who are not currently in the labor force but are available for work and have looked for a job recently.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the untapped workforce potential in Colorado, which is valuable information for policymakers, employers, and labor market analysts.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Marginally attached worker data is closely monitored by policymakers and economists to gauge labor market health and identify opportunities for expanding the workforce.
Q: Are there update delays or limitations?
A: The data is typically released with a 1-2 month delay, and may be subject to revisions based on updated survey responses.
Related Trends
Per Capita Personal Consumption Expenditures: Total for Colorado
COPCEPC
Gross Domestic Product: Construction (23) in Colorado
COCONSTNQGSP
All Employees: Transportation and Utilities: Air Transportation in Colorado
SMU08000004348100001SA
Gross Domestic Product: Data Processing, Hosting, and Other Information Services (518-519) in Colorado
CODATAWWWNGSP
Personal Consumption Expenditures: Goods: Durable Goods: Other Durable Goods for Colorado
COPCEODURG
Gross Domestic Product: Printing and Related Support Activities (323) in Colorado
COPRNTNGSP
Citation
U.S. Federal Reserve, All Marginally Attached Workers for Colorado (ALLMARGATCO), retrieved from FRED.