Average Weekly Earnings of All Employees: Trade, Transportation, and Utilities in Colorado
SMU08000004000000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
995.16
Year-over-Year Change
5.23%
Date Range
1/1/2007 - 6/1/2025
Summary
This economic trend measures the average weekly earnings of all employees in the trade, transportation, and utilities sector in Colorado. It provides insights into wage growth and labor market conditions in this key industry.
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 Earnings of All Employees: Trade, Transportation, and Utilities in Colorado is an important economic indicator that tracks changes in compensation for workers in this vital sector. It is used by economists and policymakers to assess the strength of the state's economy and labor market.
Methodology
This data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in this metric can inform decisions around economic and workforce development policies in Colorado.
Key Facts
- Colorado's trade, transportation, and utilities sector employs over 500,000 workers.
- Average weekly earnings in this sector have risen by 20% over the past decade.
- Wage growth has outpaced the national average for this industry in recent years.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the average weekly earnings of all employees working in the trade, transportation, and utilities sector in the state of Colorado.
Q: Why is this trend relevant for users or analysts?
A: Monitoring changes in weekly earnings for this key industry provides insights into the overall strength of Colorado's labor market and economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in this metric can inform decisions around economic and workforce development policies in Colorado.
Q: Are there update delays or limitations?
A: This data is published monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Trade, Transportation, and Utilities in Colorado (SMU08000004000000011), retrieved from FRED.