Average Weekly Hours of All Employees: Total Private in Colorado
SMU08000000500000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33.40
Year-over-Year Change
-0.30%
Date Range
1/1/2007 - 7/1/2025
Summary
The 'Average Weekly Hours of All Employees: Total Private in Colorado' measures the average number of hours worked per week by private sector employees in Colorado. This metric provides insights into labor market trends and productivity within 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
This economic indicator tracks the average number of hours worked per week by private sector employees in Colorado. It is widely used by economists and policymakers to assess labor market conditions, worker productivity, and the overall health of the state's economy.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by economists, investors, and policymakers to understand the dynamics of Colorado's private sector labor market.
Key Facts
- Colorado's average weekly hours for private sector employees have remained relatively stable over the past decade.
- The trend in average weekly hours can signal changes in labor demand and worker productivity.
- Monitoring this metric helps policymakers assess the overall health of Colorado's economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per week by private sector employees in the state of Colorado.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor market conditions, worker productivity, and the overall health of Colorado's economy, making it a key indicator for economists, policymakers, and market analysts.
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: Policymakers and economists closely monitor this trend to assess labor market dynamics, worker productivity, and the overall state of Colorado's economy, which informs policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 1-2 months, and it may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Total Private in Colorado (SMU08000000500000002), retrieved from FRED.