All Employees: Federal Government in Colorado
SMU08000009091000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
57.00
Year-over-Year Change
5.36%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Federal Government in Colorado' series measures the total number of federal government employees in the state of Colorado. This metric is important for economists and policymakers to understand 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 data series tracks the monthly change in the number of individuals employed by the federal government in Colorado. It provides insights into the size and dynamics of the public sector workforce in the state, which can have significant implications for the local economy and government budgets.
Methodology
The data is collected through the Current Employment Statistics (CES) survey administered by the U.S. Bureau of Labor Statistics.
Historical Context
Analysts and policymakers use this metric to assess the impact of federal government employment on Colorado's economy and labor market.
Key Facts
- Colorado has over 44,000 federal government employees.
- Federal government employment accounts for 2.5% of total employment in Colorado.
- The federal government is the second-largest employer in Colorado after the private sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of individuals employed by the federal government in the state of Colorado.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the size and dynamics of the public sector workforce in Colorado, which can have significant implications for the local economy and government budgets.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey administered by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this metric to assess the impact of federal government employment on Colorado's economy and labor market.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical delay of one to two months.
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Citation
U.S. Federal Reserve, All Employees: Federal Government in Colorado (SMU08000009091000001A), retrieved from FRED.