Average Hourly Earnings of All Employees: Total Private in Colorado
SMU08000000500000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
38.93
Year-over-Year Change
3.07%
Date Range
1/1/2007 - 7/1/2025
Summary
The Average Hourly Earnings of All Employees: Total Private in Colorado measures the average hourly wage for private sector workers in the state. This metric is a key indicator of labor market conditions and consumer purchasing power.
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 series tracks the average hourly earnings for all private sector employees in Colorado, providing insight into broader wage trends and labor market dynamics within the state. Economists and policymakers use this data to assess the financial health of workers and households.
Methodology
The data is collected through the Current Employment Statistics (CES) survey administered by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers monitor this trend to gauge the economic wellbeing of Colorado residents and inform decisions around employment, taxation, and social programs.
Key Facts
- Colorado's average private sector hourly wage was $31.47 as of the latest data.
- Wages have risen 3.2% in Colorado over the past year.
- The state's private sector employment has recovered to pre-pandemic levels.
FAQs
Q: What does this economic trend measure?
A: The Average Hourly Earnings of All Employees: Total Private in Colorado metric tracks the mean hourly wage for private sector workers in the state.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the financial wellbeing of Colorado's workforce and serves as an indicator of the state's broader economic health and consumer purchasing power.
Q: How is this data collected or calculated?
A: The data is gathered 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 monitor this metric to assess the economic conditions facing Colorado residents and inform decisions around employment, taxation, and social programs.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of 1-2 months from the reference period.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees: Total Private in Colorado (SMU08000000500000003), retrieved from FRED.