Durable Manufacturing Wages and Salaries in Colorado
COWDUR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,722,524.00
Year-over-Year Change
9.26%
Date Range
1/1/1998 - 1/1/2025
Summary
The Durable Manufacturing Wages and Salaries in Colorado index tracks changes in labor costs for durable goods manufacturing in the state. This metric is closely watched by economists and policymakers as an indicator of the state's industrial activity and competitiveness.
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 Durable Manufacturing Wages and Salaries in Colorado index measures the total compensation, including wages and salaries, paid to workers in the durable goods manufacturing sector across the state. This data provides insights into labor market conditions and cost pressures faced by manufacturers in Colorado.
Methodology
The index is calculated by the U.S. Bureau of Labor Statistics using establishment survey data.
Historical Context
Trends in this index are relevant for economic and policy analysis, as well as for business planning and investment decisions.
Key Facts
- The index uses 2012 as the base year with a value of 100.
- Colorado's durable manufacturing sector accounts for over 10% of the state's GDP.
- Wage growth in this sector can impact the state's overall cost of living and competitiveness.
FAQs
Q: What does this economic trend measure?
A: The Durable Manufacturing Wages and Salaries in Colorado index tracks changes in total compensation, including wages and salaries, paid to workers in the state's durable goods manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor market conditions and cost pressures faced by manufacturers in Colorado, which is important for economic analysis, policy decisions, and business planning.
Q: How is this data collected or calculated?
A: The index is calculated by the U.S. Bureau of Labor Statistics using establishment survey data.
Q: How is this trend used in economic policy?
A: Trends in this index are relevant for economic and policy analysis, as well as for business planning and investment decisions related to Colorado's manufacturing sector.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay, and may be subject to revisions by the source agency.
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Citation
U.S. Federal Reserve, Durable Manufacturing Wages and Salaries in Colorado (COWDUR), retrieved from FRED.