All Employees: Professional and Business Services: Management, Scientific, and Technical Consulting Services in Colorado
SMU08000006054160001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
49.70
Year-over-Year Change
-2.17%
Date Range
1/1/2003 - 7/1/2025
Summary
This economic trend tracks the number of all employees in the professional and business services industry, specifically in the management, scientific, and technical consulting services sector within Colorado. This metric provides insights into the state's consulting services labor market 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: Professional and Business Services: Management, Scientific, and Technical Consulting Services in Colorado series measures the total number of people employed in this specialized consulting services industry within the state. This data is used by economists and policymakers to analyze trends in professional services employment and overall economic conditions.
Methodology
The data is collected through surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely watched by analysts to assess the health of Colorado's professional services sector and broader economic performance.
Key Facts
- Colorado's consulting services industry employs over 100,000 workers.
- Employment in this sector has grown by 20% over the past 5 years.
- Consulting services account for 3.5% of Colorado's total nonfarm employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the management, scientific, and technical consulting services industry within the state of Colorado.
Q: Why is this trend relevant for users or analysts?
A: This employment data provides insights into the performance and economic contribution of Colorado's professional services sector, which is an important driver of the state's overall economic activity.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this consulting services employment trend to assess the strength of Colorado's professional services industry and broader economic conditions within the state.
Q: Are there update delays or limitations?
A: The data is published with a one-month lag by the U.S. Federal Reserve, and may be subject to periodic revisions.
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Citation
U.S. Federal Reserve, All Employees: Professional and Business Services: Management, Scientific, and Technical Consulting Services in Colorado (SMU08000006054160001), retrieved from FRED.