Average Weekly Earnings of All Employees: Manufacturing in Colorado
SMU08000003000000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,748.07
Year-over-Year Change
5.52%
Date Range
1/1/2007 - 6/1/2025
Summary
The 'Average Weekly Earnings of All Employees: Manufacturing in Colorado' trend measures the average weekly earnings of manufacturing workers in the state of Colorado. This metric is important for economists and policymakers to assess the economic health and wage conditions in the state's manufacturing 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
This series tracks the average weekly earnings of all employees in the manufacturing industry in Colorado. It provides insight into labor costs, worker productivity, and the relative economic strength of the state's manufacturing base compared to national trends.
Methodology
The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and market analysts monitor this trend to gauge the competitiveness and labor market dynamics within Colorado's manufacturing sector.
Key Facts
- Colorado's manufacturing sector accounts for over 7% of the state's GDP.
- The average weekly earnings in Colorado's manufacturing industry are about 12% higher than the national average.
- Manufacturing employment in Colorado has grown by 3.5% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of all employees working in the manufacturing industry within the state of Colorado.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into labor costs, worker productivity, and the relative economic strength of Colorado's manufacturing sector compared to national trends.
Q: How is this data collected or calculated?
A: The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts monitor this trend to gauge the competitiveness and labor market dynamics within Colorado's manufacturing sector.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag.
Related Trends
All Employees: Government: State Government in Colorado
SMS08000009092000001
All Employees: Total Private in Colorado
SMS08000000500000001
Monthly State Retail Sales: Health and Personal Care Stores in Colorado
MSRSCO446
Coefficient for Industrial Carbon Dioxide Emissions, Natural Gas (Pipeline) for Colorado
EMISSCO2CNGICBCOA
Number of Insured Nonmember Commercial Banks in Colorado
X08CBNMBICO
Retail Trade Wages and Salaries in Colorado
COWRET
Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Manufacturing in Colorado (SMU08000003000000011), retrieved from FRED.