All Employees: Government in Colorado
SMU08000009000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
487.20
Year-over-Year Change
23.56%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Government in Colorado' metric tracks the total number of government employees in the state of Colorado. This data provides insight into the size and composition of the public sector workforce.
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 measures the total nonfarm employment in government for the state of Colorado. It is a key indicator of public sector activity and can be used to analyze economic trends and the role of government in the state's economy.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment metric is closely watched by policymakers, economists, and labor market analysts to assess the size and trends of the government workforce.
Key Facts
- Colorado has the 8th largest state government workforce in the U.S.
- Government employment accounts for 15% of total nonfarm jobs in Colorado.
- The government sector in Colorado has seen steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: The 'All Employees: Government in Colorado' metric measures the total number of government employees, including federal, state, and local workers, in the state of Colorado.
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding the size and composition of the public sector workforce in Colorado, which can provide insights into economic activity, tax revenue, and the role of government in the state's economy.
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 labor market analysts closely monitor this employment metric to assess the size and trends of the government workforce, which can inform decisions on public spending, taxation, and the role of the public sector in the state's economy.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical lag of one to two months from the reference period.
Related Trends
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Real Gross Domestic Product: Government and Government Enterprises (92) in Colorado
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Real Gross Domestic Product: Transportation and Warehousing (48-49) in Colorado
COTRANSWARERQGSP
Residential Carbon Dioxide Emissions, All Fuels for Colorado
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Citation
U.S. Federal Reserve, All Employees: Government in Colorado (SMU08000009000000001A), retrieved from FRED.