Average Weekly Hours of Production Employees: Construction in Colorado
SMU08000002000000007 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41.00
Year-over-Year Change
-0.73%
Date Range
1/1/2001 - 7/1/2025
Summary
This economic trend measures the average weekly hours worked by production employees in the construction industry in Colorado. It provides insights into labor market conditions and productivity in the state's construction sector.
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 Average Weekly Hours of Production Employees: Construction in Colorado tracks the average number of hours worked per week by production workers in the construction industry across the state. This metric is an important indicator of employment, economic activity, and labor market dynamics within the construction sector.
Methodology
The data is collected through surveys of construction businesses in Colorado by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by policymakers, economists, and industry analysts to assess the health and outlook of Colorado's construction industry.
Key Facts
- Colorado's construction industry employs over 170,000 workers.
- The average weekly hours in construction have increased by 2.3% over the past year.
- Construction is a key driver of economic growth in Colorado.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per week by production employees in the construction industry across the state of Colorado.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into employment, productivity, and economic activity in Colorado's construction sector, which is a critical industry for the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction businesses in Colorado by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and industry analysts closely monitor this trend to assess the health and outlook of Colorado's construction industry, which informs economic policies and decision-making.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag, and may be subject to revisions as additional information becomes available.
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Citation
U.S. Federal Reserve, Average Weekly Hours of Production Employees: Construction in Colorado (SMU08000002000000007), retrieved from FRED.