All Employees: Education and Health Services: Hospitals in Colorado
SMU08000006562200001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
66.02
Year-over-Year Change
4.48%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the number of people employed in the hospital industry in Colorado. It is an important indicator of labor market conditions and healthcare sector activity 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
The All Employees: Education and Health Services: Hospitals in Colorado series tracks the monthly change in total nonfarm payroll employment in the hospital industry within the state of Colorado. This metric provides insights into the strength and growth of the healthcare sector in the local economy.
Methodology
The data is collected through monthly surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists use this trend to monitor the health of Colorado's labor market and overall economic conditions.
Key Facts
- Colorado has over 100 hospitals statewide.
- The hospital industry is one of the largest employers in Colorado.
- Employment in Colorado hospitals has grown steadily over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the hospital industry within the state of Colorado.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the strength and growth of the healthcare sector in Colorado's economy, which is a key driver of employment and economic activity in the state.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of establishments 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 monitor the health of Colorado's labor market and overall economic conditions, which can inform decisions on economic and healthcare policy.
Q: Are there update delays or limitations?
A: The data is subject to typical lags in government statistical reporting, with a delay of several weeks between the reference period and public release.
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Citation
U.S. Federal Reserve, All Employees: Education and Health Services: Hospitals in Colorado (SMU08000006562200001SA), retrieved from FRED.