All Employees: Service-Providing in Colorado
SMS08000000700000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,629.20
Year-over-Year Change
0.62%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the total number of service-providing employees in Colorado. It is a key indicator of the state's economic activity and can help policymakers and analysts assess labor market conditions.
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 All Employees: Service-Providing in Colorado series tracks the total employment in the service-providing sector of Colorado's economy. This includes jobs in industries such as trade, transportation, utilities, information, financial activities, professional and business services, education, health care, leisure and hospitality, and other services.
Methodology
The data is collected through monthly surveys of Colorado businesses by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is widely used by economists, policymakers, and market analysts to monitor the health of Colorado's service economy and labor market.
Key Facts
- Colorado's service sector accounts for over 80% of total state employment.
- Service-providing jobs have grown by 20% in Colorado over the past decade.
- The leisure and hospitality industry is the largest service-providing employer in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of service-providing employees in the state of Colorado, covering a wide range of industries.
Q: Why is this trend relevant for users or analysts?
A: The service sector is a critical driver of Colorado's economy, and this trend provides valuable insights into the health and direction of the state's labor market.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of Colorado businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the overall performance of Colorado's service-providing industries and inform decisions on economic development, workforce policies, and other initiatives.
Q: Are there update delays or limitations?
A: The data is released monthly by the U.S. Bureau of Labor Statistics, with a typical release lag of one to two months.
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Citation
U.S. Federal Reserve, All Employees: Service-Providing in Colorado (SMS08000000700000001), retrieved from FRED.