All Employees: Professional and Business Services: Services to Buildings and Dwellings in Colorado
SMU08000006056170001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
47.53
Year-over-Year Change
-1.19%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the number of employees in the professional and business services sector, specifically focused on services to buildings and dwellings in Colorado. It provides insights into the labor market and economic activity 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 All Employees: Professional and Business Services: Services to Buildings and Dwellings in Colorado data series tracks the total number of employees engaged in providing services to buildings and dwellings, such as janitorial, landscaping, and security services, as part of the broader professional and business services sector in the state of Colorado.
Methodology
The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is used by economists, policymakers, and industry analysts to assess the health and growth of the commercial real estate and facilities management sectors in Colorado.
Key Facts
- Colorado's professional and business services sector accounts for over 15% of the state's total employment.
- The services to buildings and dwellings industry employs more than 50,000 workers in Colorado.
- Employment in this sector has grown by over 20% in the past decade, reflecting the expanding commercial real estate market.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees engaged in providing services to buildings and dwellings, such as janitorial, landscaping, and security services, as part of the broader professional and business services sector in Colorado.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the health and growth of the commercial real estate and facilities management sectors in Colorado, which are important indicators of the state's economic activity and business environment.
Q: How is this data collected or calculated?
A: The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and industry analysts use this trend to assess the performance and outlook of the professional and business services sector, which is a key driver of economic growth and employment in Colorado.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical lag of one to two months from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Professional and Business Services: Services to Buildings and Dwellings in Colorado (SMU08000006056170001SA), retrieved from FRED.