All Employees: Local Government in Colorado
SMU08000009093000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
288.40
Year-over-Year Change
18.83%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Local Government in Colorado' trend measures the total number of people employed in local government positions within the state of Colorado. This data is crucial for economists and policymakers to understand labor market dynamics and the role of the public sector.
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 economic indicator tracks the employment levels of local government agencies and municipalities in Colorado, including city, county, and special district employees. It provides insight into the size and stability of the public sector workforce, which is an important factor in state and regional economic analysis.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in local government employment can reflect the fiscal health of communities and the demand for public services.
Key Facts
- Local government employs over 270,000 workers in Colorado.
- Public sector jobs account for about 11% of total employment in the state.
- Local government employment has remained relatively stable in Colorado over the past decade.
FAQs
Q: What does this economic trend measure?
A: The 'All Employees: Local Government in Colorado' trend measures the total number of people employed by local government agencies and municipalities within the state of Colorado.
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding labor market dynamics and the role of the public sector in the Colorado economy. It provides insights into the fiscal health of local communities and the demand for public services.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in local government employment can inform policymakers, economists, and market analysts about the fiscal conditions and service demands of Colorado's communities.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
Related Trends
Regional Price Parities: Services: Housing: Metropolitan Portion for Colorado
COMPRPPSERVERENT
Average Weekly Hours of All Employees: Financial Activities in Colorado
SMU08000005500000002A
Real Gross Domestic Product: Motion Picture and Sound Recording Industries (512) in Colorado
COMOTPICSNDRGSP
All Employees: Transportation and Utilities: Air Transportation in Colorado
SMU08000004348100001SA
Gross Domestic Product: Wholesale Trade (42) in Colorado
COWHOLENQGSP
Initial Claims in Colorado
COICLAIMS
Citation
U.S. Federal Reserve, All Employees: Local Government in Colorado (SMU08000009093000001A), retrieved from FRED.