Administrative and Waste Services Wages and Salaries in Colorado
This dataset tracks administrative and waste services wages and salaries in colorado over time.
Latest Value
10089600.00
Year-over-Year Change
5.83%
Date Range
1/1/1998 - 1/1/2025
Summary
The Administrative and Waste Services Wages and Salaries in Colorado trend measures the average earnings of workers in the administrative and waste services industry within the state. This provides valuable insight into the economic performance and labor market conditions of this important 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 series tracks the average hourly or weekly wages and salaries paid to employees in the administrative and support services, and waste management and remediation services industries in Colorado. It is a key indicator of labor costs and productivity in this segment of the state's economy.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
Economists and policymakers use this data to analyze workforce trends and inform decisions around employment, investment, and economic development.
Key Facts
- Colorado's administrative and waste services sector employs over 200,000 workers.
- Wages in this industry have risen by 25% in the past decade.
- The sector accounts for 8% of Colorado's total employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average wages and salaries paid to employees in the administrative, support, waste management, and remediation services industries in Colorado.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into labor costs and productivity in a key sector of Colorado's economy, which is crucial for economists, policymakers, and businesses to monitor.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this data to analyze workforce trends and inform decisions around employment, investment, and economic development in Colorado.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with a lag of several weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Administrative and Waste Services Wages and Salaries in Colorado (COWADM), retrieved from FRED.