All Employees: Accommodation and Food Services in Colorado
SMU08000007072000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
289.90
Year-over-Year Change
24.31%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the accommodation and food services industry in Colorado. It is an important indicator of economic activity and consumer spending 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: Accommodation and Food Services in Colorado series tracks the total number of people employed in the accommodation and food services sector across the state. This industry is a key component of the services economy and a barometer of consumer demand and confidence.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely watched by policymakers, economists, and business leaders to gauge the health of Colorado's services sector and broader economic conditions.
Key Facts
- Colorado's accommodation and food services sector employed over 350,000 workers as of the latest data.
- This industry accounts for around 10% of total employment in the state.
- Employment in this sector has rebounded strongly from pandemic lows.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the accommodation and food services industry across the state of Colorado.
Q: Why is this trend relevant for users or analysts?
A: This employment metric is a key indicator of consumer spending, business activity, and overall economic conditions in Colorado's services sector.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and business leaders closely monitor this accommodation and food services employment trend to gauge the health of Colorado's services economy and make informed decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag, so it provides a timely but not real-time view of industry employment conditions.
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Citation
U.S. Federal Reserve, All Employees: Accommodation and Food Services in Colorado (SMU08000007072000001A), retrieved from FRED.