All Employees: Professional and Business Services in Colorado
COPBSV • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
493.80
Year-over-Year Change
-0.56%
Date Range
1/1/1990 - 6/1/2025
Summary
The 'All Employees: Professional and Business Services in Colorado' trend measures the total number of people employed in the professional and business services sector within the state of Colorado. This metric is closely watched by economists as an indicator of the overall health and growth of Colorado's economy.
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 professional and business services sector encompasses a wide range of occupations, including legal services, accounting, engineering, computer systems design, and management consulting. This employment trend provides insight into the demand for high-skilled, knowledge-based labor in Colorado.
Methodology
The data is collected through the Current Employment Statistics (CES) program, a monthly survey of businesses and government agencies.
Historical Context
This metric is used by policymakers, businesses, and analysts to assess economic conditions and make informed decisions.
Key Facts
- Colorado's professional and business services sector employs over 400,000 people.
- This sector has seen steady growth in recent years, outpacing the national average.
- Professional and business services account for nearly 15% of Colorado's total employment.
FAQs
Q: What does this economic trend measure?
A: The 'All Employees: Professional and Business Services in Colorado' trend measures the total number of people employed in the professional and business services sector within the state of Colorado.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by economists as an indicator of the overall health and growth of Colorado's economy, as the professional and business services sector is a key driver of economic activity in the state.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) program, a monthly survey of businesses and government agencies.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers, businesses, and analysts to assess economic conditions and make informed decisions about the Colorado labor market and economy.
Q: Are there update delays or limitations?
A: The data is released monthly by the U.S. Federal Reserve, with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, All Employees: Professional and Business Services in Colorado (COPBSV), retrieved from FRED.