All Employees: Construction: Construction of Buildings in Colorado
SMU08000002023600001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
38.11
Year-over-Year Change
1.43%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the total number of employees in the construction of buildings industry in Colorado. It provides important insights into the state's construction sector and economic activity.
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: Construction: Construction of Buildings in Colorado data series tracks the monthly change in the number of people employed in the construction of residential and non-residential buildings within the state. This metric is a key indicator of the health and growth of Colorado's construction industry.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through monthly surveys of businesses and households.
Historical Context
This construction employment trend is closely watched by economists, policymakers, and industry analysts to gauge the strength of Colorado's economy and guide investment and regulatory decisions.
Key Facts
- Colorado's construction industry employs over 175,000 workers.
- Construction jobs account for nearly 6% of total employment in the state.
- The industry has seen steady growth in recent years as Colorado's population and economy have expanded.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total number of people employed in the construction of residential and non-residential buildings within the state of Colorado.
Q: Why is this trend relevant for users or analysts?
A: The construction employment trend provides important insights into the health and growth of Colorado's construction industry, which is a key driver of the state's overall economic activity.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through monthly surveys of businesses and households.
Q: How is this trend used in economic policy?
A: This construction employment metric is closely watched by economists, policymakers, and industry analysts to gauge the strength of Colorado's economy and guide investment and regulatory decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical 1-2 month lag between the reference period and publication.
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Citation
U.S. Federal Reserve, All Employees: Construction: Construction of Buildings in Colorado (SMU08000002023600001SA), retrieved from FRED.