All Employees: Construction: Specialty Trade Contractors in Colorado
This dataset tracks all employees: construction: specialty trade contractors in colorado over time.
Latest Value
122.70
Year-over-Year Change
59.14%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of construction workers employed in specialty trade contractor roles in the state of Colorado. It provides insights into the labor force and economic activity within the construction industry.
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: Construction: Specialty Trade Contractors in Colorado series tracks the monthly employment levels of construction workers focused on specialized trades, such as electrical, plumbing, and HVAC contractors. This data is used by economists and policymakers to gauge the health and trends within the Colorado construction sector.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is relevant for understanding the broader construction industry and its contribution to the Colorado economy.
Key Facts
- Colorado has a large and diverse construction industry.
- Specialty trade contractors make up a significant portion of construction employment.
- Construction employment trends can signal broader economic conditions in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of construction workers employed in specialty trade contractor roles, such as electrical, plumbing, and HVAC, within the state of Colorado.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the health and trends within the Colorado construction sector, which is an important part of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This employment trend is relevant for understanding the broader construction industry and its contribution to the Colorado economy, which can inform economic policies and decisions.
Q: Are there update delays or limitations?
A: The data is subject to the typical release schedule and potential revisions of the U.S. Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, All Employees: Construction: Specialty Trade Contractors in Colorado (SMU08000002023800001A), retrieved from FRED.