Retail Trade Earnings in Colorado
COERET • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16,196,250.00
Year-over-Year Change
10.49%
Date Range
1/1/1998 - 1/1/2025
Summary
The Retail Trade Earnings in Colorado indicator measures the average weekly earnings of workers in the retail trade industry within the state of Colorado. This metric provides insights into economic conditions and consumer spending patterns.
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 Retail Trade Earnings in Colorado series tracks the average weekly earnings of employees in the retail trade sector across the state. This data point is used by economists and policymakers to gauge the health of the consumer economy and monitor trends in consumer purchasing power.
Methodology
The data is collected through surveys of Colorado businesses in the retail industry.
Historical Context
Retail trade earnings are an important indicator of consumer behavior and can inform economic policy decisions.
Key Facts
- Colorado's retail trade sector employs over 400,000 workers.
- Average weekly earnings in Colorado retail trade have increased by 25% over the past decade.
- Retail trade is one of the largest private-sector employers in the state.
FAQs
Q: What does this economic trend measure?
A: The Retail Trade Earnings in Colorado indicator measures the average weekly earnings of workers in the retail trade industry within the state of Colorado.
Q: Why is this trend relevant for users or analysts?
A: Retail trade earnings provide insights into consumer spending patterns and the overall health of the consumer economy, making this data point relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Colorado businesses in the retail industry.
Q: How is this trend used in economic policy?
A: Retail trade earnings can inform economic policy decisions by providing a gauge of consumer behavior and purchasing power.
Q: Are there update delays or limitations?
A: The Retail Trade Earnings in Colorado data is typically released on a monthly basis, with a lag of several weeks.
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Citation
U.S. Federal Reserve, Retail Trade Earnings in Colorado (COERET), retrieved from FRED.