All Employees: Mining, Logging, and Construction in Colorado
SMU08000001500000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
208.20
Year-over-Year Change
42.51%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend tracks the total number of employees in the mining, logging, and construction industries in the state of Colorado. It serves as an important indicator of economic activity and labor market conditions in these key 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: Mining, Logging, and Construction in Colorado series measures the total number of individuals employed in these industries within the state. It provides insights into the relative strength and performance of these sectors, which are critical components of Colorado's broader economy.
Methodology
The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to assess the health and growth prospects of Colorado's construction, mining, and natural resource industries.
Key Facts
- Colorado's mining, logging, and construction sectors employ over 200,000 workers.
- This trend has shown steady growth since the Great Recession, reflecting the state's economic recovery.
- The construction industry accounts for the largest share of employment within this category.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of individuals employed in the mining, logging, and construction industries within the state of Colorado.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the performance and growth of key sectors that are critical to Colorado's economy, making it relevant for policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the health and growth prospects of Colorado's construction, mining, and natural resource industries, which inform policy decisions and economic forecasting.
Q: Are there update delays or limitations?
A: The data is 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: Mining, Logging, and Construction in Colorado (SMU08000001500000001A), retrieved from FRED.