All Employees: Services to Buildings and Dwellings in Colorado
SMU08000006056170001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
48.90
Year-over-Year Change
29.37%
Date Range
1/1/1990 - 1/1/2024
Summary
This trend measures the total number of people employed in the services to buildings and dwellings industry in Colorado. It is an important indicator of economic activity and labor market conditions in the state.
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: Services to Buildings and Dwellings in Colorado metric tracks the employment levels of companies that provide services such as cleaning, landscaping, and building maintenance to commercial and residential properties. This data helps economists and policymakers understand the health of the local services industry and broader economic trends.
Methodology
The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely watched by real estate investors, property management firms, and state economic development agencies.
Key Facts
- Colorado has over 75,000 employees in building services industries.
- The services to buildings and dwellings sector accounts for 3% of total Colorado employment.
- Employment in this sector has grown by 12% in the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the services to buildings and dwellings industry in Colorado, including companies that provide cleaning, landscaping, and maintenance services to commercial and residential properties.
Q: Why is this trend relevant for users or analysts?
A: This employment metric is an important indicator of activity in Colorado's real estate and services sectors, providing insights into economic and labor market conditions that are relevant for real estate investors, property managers, and state policymakers.
Q: How is this data collected or calculated?
A: The data is collected through monthly 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 closely watched by state economic development agencies and used to inform policies and programs that support the services and real estate industries in Colorado.
Q: Are there update delays or limitations?
A: The data is published with a one-month lag, and may be subject to revision as more complete information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Services to Buildings and Dwellings in Colorado (SMU08000006056170001A), retrieved from FRED.