Average Hourly Earnings of All Employees: Education and Health Services: Private Education and Health Services in Colorado
SMU08000006500000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35.59
Year-over-Year Change
5.33%
Date Range
1/1/2007 - 7/1/2025
Summary
The 'Average Hourly Earnings of All Employees: Education and Health Services: Private Education and Health Services in Colorado' metric measures the average hourly wages for private sector workers in the education and health services industries in Colorado. This data point is a key economic indicator for understanding labor market trends and cost-of-living pressures 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
This series tracks the average hourly earnings of all employees, including full-time and part-time workers, in the private education and health services sectors in Colorado. It provides insight into compensation levels and changes over time, which can inform policy decisions and business strategies.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to assess the economic health of Colorado's education and healthcare industries and make informed decisions about workforce development, public spending, and cost-of-living adjustments.
Key Facts
- Colorado's private education and health services sector employs over 400,000 workers.
- Average hourly earnings in this sector have risen by 25% over the past decade.
- Wage growth has outpaced overall inflation in Colorado during this period.
FAQs
Q: What does this economic trend measure?
A: This metric measures the average hourly wages for private sector workers in the education and health services industries in Colorado.
Q: Why is this trend relevant for users or analysts?
A: This data point provides insight into compensation levels and changes over time in a key sector of Colorado's economy, which can inform policy decisions and business strategies.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the economic health of Colorado's education and healthcare industries and make informed decisions about workforce development, public spending, and cost-of-living adjustments.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees: Education and Health Services: Private Education and Health Services in Colorado (SMU08000006500000003), retrieved from FRED.