All Employees: Leisure and Hospitality: Full-Service Restaurants in Colorado
SMU08000007072251101 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
116.70
Year-over-Year Change
2.82%
Date Range
1/1/2003 - 7/1/2025
Summary
This economic trend measures the number of all employees in the leisure and hospitality sector, specifically at full-service restaurants in Colorado. It provides valuable insight into the state's service industry and consumer spending.
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: Leisure and Hospitality: Full-Service Restaurants in Colorado trend tracks monthly employment levels in this key economic sector. It is used by policymakers, analysts, and businesses to understand fluctuations in consumer demand and the overall health of Colorado's service-based economy.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend offers important context for analyzing the Colorado economy and consumer activity.
Key Facts
- Colorado's leisure and hospitality sector employs over 300,000 workers.
- Full-service restaurant employment makes up a significant portion of the state's service industry.
- This trend has shown seasonal fluctuations tied to tourism and consumer demand.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the leisure and hospitality sector, specifically at full-service restaurants located in Colorado.
Q: Why is this trend relevant for users or analysts?
A: This employment trend provides valuable insight into the service-based economy and consumer spending patterns in Colorado.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and businesses use this trend to analyze the health of Colorado's service sector and make informed decisions.
Q: Are there update delays or limitations?
A: This data series is updated monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, All Employees: Leisure and Hospitality: Full-Service Restaurants in Colorado (SMU08000007072251101), retrieved from FRED.