All Employees: Health Care and Social Assistance in Colorado
SMU08000006562000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
333.80
Year-over-Year Change
35.47%
Date Range
1/1/1990 - 1/1/2024
Summary
This trend measures total employment in the health care and social assistance sector in Colorado. It provides insight into the labor market and economic activity in a key service 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: Health Care and Social Assistance in Colorado trend tracks the total number of individuals employed in the health care and social assistance sector within the state. This metric offers valuable insights into the scale and dynamics of this important service industry.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Economists and policymakers monitor this trend to assess the health of Colorado's service economy and labor market.
Key Facts
- Colorado's health care and social assistance sector employs over 400,000 workers.
- The industry accounts for nearly 15% of total employment in the state.
- Employment in this sector has grown steadily over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures total employment in the health care and social assistance sector within the state of Colorado.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the scale and dynamics of a key service industry, offering valuable information for economists and policymakers assessing the health of Colorado's economy and labor market.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to assess the performance of Colorado's service economy and identify labor market trends in the health care and social assistance sector.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and revisions by the Bureau of Labor Statistics, and may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, All Employees: Health Care and Social Assistance in Colorado (SMU08000006562000001A), retrieved from FRED.