Management of Companies and Enterprises Wages and Salaries in Colorado
COWMAN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,739,145.00
Year-over-Year Change
25.12%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Management of Companies and Enterprises Wages and Salaries in Colorado' data series tracks average earnings for workers in the management and enterprise sector in the state of Colorado. This metric is a key indicator of economic conditions and labor market trends for this important industry.
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 'Management of Companies and Enterprises Wages and Salaries in Colorado' series measures the average hourly and weekly earnings of employees in the management of companies and enterprises industry within the state of Colorado. This data helps economists and policymakers understand labor market dynamics and assess the health of a crucial sector of the state's economy.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in management wages and salaries provide insight into the competitive landscape for talent and the broader economic conditions affecting businesses in Colorado.
Key Facts
- Colorado's management wages are higher than the national average.
- Wages in this sector have risen steadily over the past decade.
- The management industry accounts for a significant portion of Colorado's economy.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the average hourly and weekly earnings of employees in the management of companies and enterprises industry within the state of Colorado.
Q: Why is this trend relevant for users or analysts?
A: Trends in management wages and salaries provide important insights into labor market dynamics and the overall health of a crucial sector of Colorado's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to assess the competitive landscape for talent and the broader economic conditions affecting businesses in Colorado.
Q: Are there update delays or limitations?
A: The data is typically published on a monthly basis with a short lag time, providing timely insights into this important economic indicator.
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Citation
U.S. Federal Reserve, Management of Companies and Enterprises Wages and Salaries in Colorado (COWMAN), retrieved from FRED.