All Employees: Health Care: Hospitals in Colorado
SMU08000006562200001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
63.40
Year-over-Year Change
9.50%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the hospital industry in Colorado. It provides insight into the health of the state's healthcare sector and labor market.
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: Hospitals in Colorado metric tracks the monthly change in the number of people employed by hospitals across the state. This data is used by economists and policymakers to analyze workforce trends and economic activity in the healthcare industry.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for understanding the economic health and labor market conditions in Colorado's healthcare industry.
Key Facts
- Colorado has over 100,000 hospital employees.
- Hospital employment accounts for 20% of the state's healthcare workforce.
- The hospital industry is a major driver of Colorado's economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed by hospitals across the state of Colorado.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the health and economic activity of Colorado's healthcare sector, which is a crucial part of the state's economy.
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: Policymakers and economists use this data to assess labor market conditions and the overall performance of Colorado's healthcare industry.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical delay of 1-2 months from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Health Care: Hospitals in Colorado (SMU08000006562200001A), retrieved from FRED.