Average Weekly Earnings of All Employees: Leisure and Hospitality in Colorado
SMU08000007000000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
690.67
Year-over-Year Change
0.93%
Date Range
1/1/2007 - 6/1/2025
Summary
The 'Average Weekly Earnings of All Employees: Leisure and Hospitality in Colorado' measures the average weekly earnings for workers in the leisure and hospitality industry in Colorado. This trend provides insights into the labor market and economic conditions in the state's service 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 series tracks the average weekly earnings for all employees in the leisure and hospitality industry within the state of Colorado. It is an important indicator of wage growth and consumer spending power in the service sector, which is a significant component of Colorado's economy.
Methodology
The data is collected through surveys of employers and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists use this trend to assess the health of Colorado's labor market and consumer demand.
Key Facts
- Colorado's leisure and hospitality industry employs over 300,000 workers.
- Average weekly earnings in this sector have increased by 20% over the past 5 years.
- The leisure and hospitality industry accounts for nearly 10% of Colorado's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings for all employees in the leisure and hospitality industry in the state of Colorado.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into wage growth and consumer spending power in Colorado's service sector, which is a significant part of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers and calculated 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 health of Colorado's labor market and consumer demand, which informs economic policies and decisions.
Q: Are there update delays or limitations?
A: The data is reported monthly, with a typical 1-2 month delay in publication.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Leisure and Hospitality in Colorado (SMU08000007000000011), retrieved from FRED.