Wholesale Trade Wages and Salaries in Colorado
COWWHO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14,318,253.00
Year-over-Year Change
12.56%
Date Range
1/1/1998 - 1/1/2025
Summary
The Wholesale Trade Wages and Salaries in Colorado trend measures the average hourly earnings of workers in the wholesale trade industry within the state of Colorado. This data provides insights into the labor costs and economic conditions in this important 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
The Wholesale Trade Wages and Salaries in Colorado series tracks the average hourly wage paid to employees in the wholesale trade industry across the state. Economists and policymakers use this data to analyze trends in labor costs, assess the competitiveness of Colorado's wholesale sector, and inform decisions around economic development and workforce policies.
Methodology
The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This economic indicator is relevant for understanding the overall health and competitiveness of Colorado's wholesale trade industry.
Key Facts
- Colorado's wholesale trade industry employs over 150,000 workers.
- Average hourly wages in the sector are approximately $25.
- Wholesale trade wages have increased by 3.2% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Wholesale Trade Wages and Salaries in Colorado trend measures the average hourly earnings of workers employed in the wholesale trade industry within the state of Colorado.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into labor costs and economic conditions in Colorado's wholesale trade sector, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this data to analyze trends in labor costs, assess the competitiveness of Colorado's wholesale sector, and inform decisions around economic development and workforce policies.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with a typical delay of 4-6 weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Wholesale Trade Wages and Salaries in Colorado (COWWHO), retrieved from FRED.