All Employees: Repair and Maintenance in Colorado
SMU08000008081100001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
29.20
Year-over-Year Change
32.73%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the repair and maintenance industry in Colorado. It provides insight into the state's service sector and economic activity.
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: Repair and Maintenance in Colorado series tracks the monthly employment levels for businesses engaged in repairing and maintaining equipment, machinery, and other products. This data offers a window into the health and performance of Colorado's service economy.
Methodology
This data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to assess the strength of Colorado's service sector and overall economic conditions.
Key Facts
- Colorado has a large repair and maintenance industry.
- Employment in this sector fluctuates with economic conditions.
- The data is released monthly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the repair and maintenance industry in the state of Colorado.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the health and performance of Colorado's service economy, which is an important part of the state's overall economic activity.
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 and analysts use this metric to assess the strength of Colorado's service sector and overall economic conditions.
Q: Are there update delays or limitations?
A: The data is released monthly by the U.S. Bureau of Labor Statistics, with a typical delay of a few weeks.
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Citation
U.S. Federal Reserve, All Employees: Repair and Maintenance in Colorado (SMU08000008081100001A), retrieved from FRED.