All Employees: Local Government Educational Services in Colorado
SMU08000009093161101A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
145.60
Year-over-Year Change
16.11%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of local government employees in the educational services industry in Colorado. It provides insight into the size and trends of the public education workforce, which is a key component of the state's economy.
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: Local Government Educational Services in Colorado metric tracks the monthly employment levels of public school teachers, administrators, and support staff at the local government level in the state. This data is used by economists and policymakers to analyze the education sector's contribution to the overall labor market and inform decisions around public school funding and resources.
Methodology
The data is collected through surveys of local government entities by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in public education employment are closely watched for their potential impact on state and local budgets, as well as the broader economic implications for Colorado communities.
Key Facts
- Colorado has over 75,000 local government employees in educational services.
- Public education is the largest industry segment of Colorado's local government workforce.
- Local government educational services employment has grown by 8% in the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in local government educational services in the state of Colorado, including public school teachers, administrators, and support staff.
Q: Why is this trend relevant for users or analysts?
A: Trends in public education employment provide important insights into the size and dynamics of a key sector of Colorado's economy, with implications for state and local budgets, as well as the overall labor market.
Q: How is this data collected or calculated?
A: The data is collected through surveys of local government entities conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to inform decisions around public school funding, resource allocation, and the broader economic impact of the education sector in Colorado.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag, and may be subject to revisions based on updated information from survey respondents.
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Citation
U.S. Federal Reserve, All Employees: Local Government Educational Services in Colorado (SMU08000009093161101A), retrieved from FRED.