All Employees: Administrative and Support and Waste Management and Remediation Services in Colorado
SMU08000006056000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
157.60
Year-over-Year Change
9.14%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the administrative and support and waste management and remediation services industry in Colorado. It provides insight into the strength and growth of this important service 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
The All Employees: Administrative and Support and Waste Management and Remediation Services in Colorado indicator tracks employment levels in a diverse range of service activities, including office administration, facilities support, waste collection, and remediation services. This data is a key metric for understanding the health and dynamics of Colorado's business services industry.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is widely used by economists, policymakers, and industry analysts to assess the broader economic conditions and competitiveness of Colorado's services sector.
Key Facts
- Colorado's administrative and waste services industry employs over 200,000 workers.
- This sector has seen steady growth over the past decade.
- The industry accounts for nearly 8% of total nonfarm employment in Colorado.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the administrative and support and waste management and remediation services industry in the state of Colorado.
Q: Why is this trend relevant for users or analysts?
A: This employment data provides valuable insight into the strength and dynamics of an important service sector in Colorado's economy, which is closely watched by economists, policymakers, and industry stakeholders.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This employment trend is widely used by economists, policymakers, and industry analysts to assess the broader economic conditions and competitiveness of Colorado's services sector, which informs policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 1-2 months from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Administrative and Support and Waste Management and Remediation Services in Colorado (SMU08000006056000001A), retrieved from FRED.