Covered Employment in Colorado
COCEMPLOY • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,838,359.00
Year-over-Year Change
-0.09%
Date Range
6/10/2006 - 8/2/2025
Summary
The Covered Employment in Colorado series measures the number of employees covered by unemployment insurance in the state of Colorado. This metric is an important indicator of economic activity and labor market conditions.
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
Covered employment data is collected by state workforce agencies and reported to the U.S. Bureau of Labor Statistics. It provides a comprehensive view of employment across Colorado's private and public sectors, excluding self-employed and certain other worker categories.
Methodology
The data is collected through mandatory employer reporting of worker payroll information.
Historical Context
Covered employment is closely watched by policymakers, economists, and businesses to gauge the overall strength of the Colorado economy.
Key Facts
- Colorado's covered employment exceeded 2.8 million as of the latest data.
- Covered employment in Colorado has grown over 12% in the past 5 years.
- The trade, transportation, and utilities sector accounts for the largest share of covered jobs in the state.
FAQs
Q: What does this economic trend measure?
A: The Covered Employment in Colorado series measures the number of employees in the state who are covered by unemployment insurance.
Q: Why is this trend relevant for users or analysts?
A: Covered employment is an important indicator of the overall strength and composition of Colorado's labor market and economy.
Q: How is this data collected or calculated?
A: The data is collected through mandatory employer reporting of worker payroll information to state workforce agencies.
Q: How is this trend used in economic policy?
A: Covered employment data is closely watched by policymakers, economists, and businesses to gauge the health of the Colorado economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 month lag by the U.S. Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, Covered Employment in Colorado (COCEMPLOY), retrieved from FRED.