All Employees: Educational Services in Colorado
SMU08000006561000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
48.80
Year-over-Year Change
37.85%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Educational Services in Colorado' trend measures the total number of people employed in the educational services industry in the state of Colorado. This data provides insights into the labor market and economic conditions in the education 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
This economic indicator tracks the total employment levels in Colorado's educational services industry, which includes public and private schools, colleges, universities, and other educational institutions. It is a useful measure for analyzing workforce trends, economic growth, and the overall health of the education sector in the state.
Methodology
The data is collected through a monthly survey of business establishments conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists use this trend to assess the strength of the education industry and its impact on the broader state economy.
Key Facts
- Colorado's educational services industry employs over 220,000 people.
- Employment in this sector has grown by 10% over the past 5 years.
- The education industry accounts for nearly 8% 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 educational services industry in the state of Colorado, including public and private schools, colleges, and other educational institutions.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the labor market and economic conditions in Colorado's education sector, which is an important driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of business establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the strength of the education industry and its impact on the broader state economy, informing decisions related to education funding, workforce development, and economic growth strategies.
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: Educational Services in Colorado (SMU08000006561000001A), retrieved from FRED.