Mining Wages and Salaries in Colorado
COWMIN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,476,369.00
Year-over-Year Change
8.01%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Mining Wages and Salaries in Colorado' trend measures the average weekly earnings for employees in the mining industry in the state of Colorado. This metric is an important indicator of economic activity and labor market conditions in the mining sector.
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
This series represents the average weekly earnings of employees in the mining industry in Colorado. It provides insight into wage and salary levels, which are important factors in understanding labor costs, consumer spending, and overall economic performance in the mining sector.
Methodology
The data is collected through surveys of employers in the mining industry in Colorado.
Historical Context
The mining wages and salaries trend is closely monitored by policymakers, economists, and industry analysts to assess the health and competitiveness of the Colorado mining labor market.
Key Facts
- Colorado is a major mining state, accounting for 5% of U.S. mining GDP.
- Mining wages in Colorado are 25% higher than the national average.
- The mining industry employs over 30,000 workers in Colorado.
FAQs
Q: What does this economic trend measure?
A: The 'Mining Wages and Salaries in Colorado' trend measures the average weekly earnings for employees in the mining industry in the state of Colorado.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into labor costs, consumer spending, and overall economic performance in the Colorado mining sector, which is a key industry in the state.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers in the mining industry in Colorado.
Q: How is this trend used in economic policy?
A: The mining wages and salaries trend is closely monitored by policymakers, economists, and industry analysts to assess the health and competitiveness of the Colorado mining labor market.
Q: Are there update delays or limitations?
A: The mining wages and salaries data is published on a monthly basis, with a typical 1-2 month delay.
Related Trends
Per Capita Personal Consumption Expenditures: Services: Household Consumption Expenditures for Services for Colorado
COPCEPCHCE
Utilities Earnings in Colorado
COEUTI
All Employees: Professional and Business Services: Management, Scientific, and Technical Consulting Services in Colorado
SMU08000006054160001
Unemployment Rate in Colorado
COUR
Coefficient for Industrial Carbon Dioxide Emissions, Motor Gasoline for Colorado
EMISSCO2CMGICBCOA
Employed Involuntary Part-Time for Colorado
INVOLPTEMPCO
Citation
U.S. Federal Reserve, Mining Wages and Salaries in Colorado (COWMIN), retrieved from FRED.