All Employees: Education and Health Services: Health Care and Social Assistance in Colorado
SMS08000006562000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
343.70
Year-over-Year Change
3.28%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures the total number of employees in the health care and social assistance industry in Colorado, an important indicator of economic activity and labor market conditions in the state.
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: Education and Health Services: Health Care and Social Assistance in Colorado series tracks the total nonfarm employment in the health care and social assistance sector, which includes hospitals, nursing and residential care facilities, and individual and family services providers.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely watched by policymakers and economists to gauge the health of Colorado's healthcare industry and broader economic conditions.
Key Facts
- Colorado's healthcare sector accounts for over 11% of total nonfarm employment.
- Employment in Colorado's healthcare industry has grown by over 20% in the past decade.
- The healthcare sector is one of the largest and fastest-growing industries in the Colorado economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the health care and social assistance industry in Colorado, providing insight into the size and growth of this key sector.
Q: Why is this trend relevant for users or analysts?
A: The health care and social assistance industry is a major driver of economic activity and employment in Colorado, so this trend is closely watched by policymakers, businesses, and investors to gauge the state's economic performance.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments 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 health of Colorado's healthcare industry and broader economic conditions, informing decisions around workforce development, infrastructure investment, and other policy initiatives.
Q: Are there update delays or limitations?
A: The data is typically published with a one-month delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Education and Health Services: Health Care and Social Assistance in Colorado (SMS08000006562000001), retrieved from FRED.