Labor Force Participation Rate for Colorado
LBSNSA08 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
67.70
Year-over-Year Change
-1.17%
Date Range
1/1/1976 - 7/1/2025
Summary
The Labor Force Participation Rate for Colorado measures the percentage of the state's working-age population that is employed or actively seeking work. This key economic indicator provides insights into the health and utilization of Colorado's labor market.
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 Labor Force Participation Rate is a widely followed metric that tracks the active portion of an economy's labor supply. It represents the number of people in the labor force (employed and unemployed) as a percentage of the civilian noninstitutional population.
Methodology
The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
This rate is used by policymakers, economists, and analysts to assess labor market conditions and inform economic and workforce development strategies.
Key Facts
- Colorado's labor force participation rate was 67.5% in 2022.
- The national labor force participation rate was 62.2% in 2022.
- Colorado's rate has remained above the national average in recent years.
FAQs
Q: What does the Labor Force Participation Rate for Colorado measure?
A: The Labor Force Participation Rate for Colorado measures the percentage of the state's working-age population that is employed or actively seeking work.
Q: Why is the Colorado labor force participation rate relevant?
A: The labor force participation rate is a key indicator of the health and utilization of Colorado's labor market, providing insights that are valuable for policymakers, economists, and analysts.
Q: How is the Labor Force Participation Rate for Colorado data collected?
A: The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau.
Q: How is the Colorado labor force participation rate used in economic policy?
A: This rate is used by policymakers, economists, and analysts to assess labor market conditions and inform economic and workforce development strategies in Colorado.
Q: Are there any delays or limitations in the Labor Force Participation Rate for Colorado data?
A: The data is subject to the same update schedule and potential limitations as the overall Current Population Survey, which is a widely used but sample-based source.
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Citation
U.S. Federal Reserve, Labor Force Participation Rate for Colorado (LBSNSA08), retrieved from FRED.