Transportation and Warehousing Wages and Salaries in Colorado
COWTRA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,830,923.00
Year-over-Year Change
26.26%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Transportation and Warehousing Wages and Salaries in Colorado' series measures the total wages and salaries paid to workers in the transportation and warehousing industries within the state of Colorado. This trend is an important economic indicator for understanding labor costs and productivity in the state's logistics and distribution sectors.
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 data series tracks the total earnings paid to employees in Colorado's transportation and warehousing industries, which includes activities such as air, rail, water, and truck transportation, as well as warehousing and storage. It provides insight into wage trends and labor market conditions within a key economic sector.
Methodology
The data is collected through surveys of private businesses and government agencies by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and business analysts use this metric to assess the competitiveness and growth potential of Colorado's logistics infrastructure and supply chain industries.
Key Facts
- Colorado's transportation and warehousing sector employs over 200,000 workers.
- Wages in this industry are 12% higher than the state's overall average.
- The trend has shown steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This series measures the total wages and salaries paid to employees working in Colorado's transportation and warehousing industries, including air, rail, water, and truck transportation as well as warehousing and storage.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into labor costs and productivity within a key economic sector in Colorado, helping policymakers and businesses assess the competitiveness and growth potential of the state's logistics infrastructure and supply chain.
Q: How is this data collected or calculated?
A: The data is collected through surveys of private businesses and government agencies by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate the health and competitiveness of Colorado's transportation and logistics industries, which are critical for the state's overall economic performance and growth.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis with a lag of several months, so there may be a delay in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, Transportation and Warehousing Wages and Salaries in Colorado (COWTRA), retrieved from FRED.