All Employees: Goods Producing in Colorado
SMU08000000600000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
357.30
Year-over-Year Change
28.99%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the goods-producing industry in Colorado. It provides valuable insights into the state's manufacturing, mining, and construction sectors.
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: Goods Producing in Colorado metric tracks the employment levels in industries that produce tangible goods, rather than services. This data point is used by economists and policymakers to assess the overall health and direction of Colorado's economy.
Methodology
The data is collected through surveys of Colorado businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by state and federal officials to gauge the strength of Colorado's industrial base and inform economic policies.
Key Facts
- Colorado's goods-producing sector accounts for over 12% of the state's total employment.
- The goods-producing industry in Colorado has seen steady growth since the 2008-2009 recession.
- Mining and construction are the two largest components of Colorado's goods-producing workforce.
FAQs
Q: What does this economic trend measure?
A: The All Employees: Goods Producing in Colorado metric tracks the total number of people employed in Colorado's manufacturing, mining, and construction industries.
Q: Why is this trend relevant for users or analysts?
A: This data point provides insight into the strength and direction of Colorado's industrial base, which is crucial for assessing the overall health of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of Colorado businesses and establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: State and federal officials closely monitor this metric to gauge the strength of Colorado's industrial sector and inform economic policies and initiatives.
Q: Are there update delays or limitations?
A: The data is published monthly by the U.S. Bureau of Labor Statistics, with a typical release lag of about one month.
Related Trends
Number of Identified Exporters to Portugal from Colorado
COPRTA475SCEN
Average Hourly Earnings of Production Employees: Manufacturing: Durable Goods in Colorado
SMU08000003100000008
All Employees: Leisure and Hospitality: Full-Service Restaurants in Colorado
SMU08000007072251101
Chain-Type Quantity Index for Real GDP: Information (51) in Colorado
COINFOQQGSP
Value of Exports to Austria from Colorado
COAUTA052SCEN
Total Wages and Salaries in Colorado
COWTOT
Citation
U.S. Federal Reserve, All Employees: Goods Producing in Colorado (SMU08000000600000001A), retrieved from FRED.