All Employees: Air Transportation in Colorado
SMU08000004348100001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23.40
Year-over-Year Change
80.00%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the air transportation industry in Colorado. It provides important insights into the state's aviation sector and can inform policy decisions related to infrastructure, workforce, and economic development.
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: Air Transportation in Colorado indicator tracks the total number of individuals employed in the air transportation industry within the state. This metric is a key barometer of activity and growth in Colorado's aviation and aerospace sectors, which are major contributors to the state's economy.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through monthly surveys of business establishments.
Historical Context
Policymakers and economists use this trend to assess the health and competitiveness of Colorado's air transportation industry.
Key Facts
- Colorado's air transportation industry employs over 25,000 workers.
- Air transportation is one of the fastest-growing sectors in Colorado's economy.
- The state's major airports contribute billions to the local economy annually.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the air transportation industry within the state of Colorado, providing insights into the size and health of this important economic sector.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding the performance and competitiveness of Colorado's aviation and aerospace industries, which are major contributors to the state's economy.
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 business establishments.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the health and growth of Colorado's air transportation industry, informing decisions related to infrastructure, workforce development, and economic development initiatives.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical one-month delay, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Air Transportation in Colorado (SMU08000004348100001A), retrieved from FRED.