All Employees: Leisure and Hospitality: Accommodation in Colorado
SMU08000007072100001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
52.52
Year-over-Year Change
10.55%
Date Range
1/1/1990 - 7/1/2025
Summary
The 'All Employees: Leisure and Hospitality: Accommodation in Colorado' trend measures the number of workers employed in the accommodation industry within Colorado's leisure and hospitality sector. This metric provides insights into the strength and recovery of Colorado's tourism-related economy.
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 employment levels in Colorado's accommodation industry, which includes hotels, motels, and other lodging establishments. It is a key indicator of consumer demand and economic activity in the state's travel and tourism sector.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and businesses use this trend to gauge the health of Colorado's hospitality industry and inform decisions around economic development and tourism promotion.
Key Facts
- Colorado's accommodation industry employed over 60,000 workers as of 2022.
- Employment in this sector remains below pre-pandemic levels due to the impact of COVID-19.
- The accommodation industry is a major driver of Colorado's economy, contributing billions in annual revenue.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of employees working in the accommodation industry, such as hotels and motels, within Colorado's leisure and hospitality sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the strength and recovery of Colorado's tourism-related economy, which is a key driver of the state's overall economic performance.
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 and businesses use this trend to gauge the health of Colorado's hospitality industry and inform decisions around economic development and tourism promotion.
Q: Are there update delays or limitations?
A: The data is subject to revisions and may have a lag of several months between the reference period and the release date.
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Citation
U.S. Federal Reserve, All Employees: Leisure and Hospitality: Accommodation in Colorado (SMU08000007072100001SA), retrieved from FRED.