All Employees: Private Service Providing in Colorado
SMS08000000800000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,133.30
Year-over-Year Change
0.24%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures the total number of private service-providing employees in Colorado. It serves as an important indicator of the state's labor market and overall economic health.
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: Private Service Providing in Colorado indicator tracks the monthly change in employment levels across various private service-providing industries, including trade, transportation, utilities, information, financial activities, professional and business services, education, health care, leisure, and hospitality.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely monitored by economists, policymakers, and businesses to gauge the performance of Colorado's service sector and inform economic decision-making.
Key Facts
- Colorado's private service-providing sector accounts for over 70% of total nonfarm employment.
- The trend reached its highest level of 2.21 million employees in December 2019 before the COVID-19 pandemic.
- The sector experienced a sharp decline of over 200,000 jobs during the initial months of the pandemic in 2020.
FAQs
Q: What does this economic trend measure?
A: The All Employees: Private Service Providing in Colorado indicator tracks the monthly change in employment levels across various private service-providing industries in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of the overall health and performance of Colorado's service 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 the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and businesses closely monitor this metric to assess the state's labor market conditions and inform economic decision-making.
Q: Are there update delays or limitations?
A: The data is typically released with a one-month lag, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Private Service Providing in Colorado (SMS08000000800000001), retrieved from FRED.