All Employees: Computer Systems Design and Related Services in Colorado
This dataset tracks all employees: computer systems design and related services in colorado over time.
Latest Value
85.80
Year-over-Year Change
89.40%
Date Range
1/1/1990 - 1/1/2024
Summary
This trend measures the total number of employees in the computer systems design and related services industry in Colorado. It provides insight into the health and growth of this key technology sector in the state.
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: Computer Systems Design and Related Services in Colorado indicator tracks the total employment levels in a critical industry for the state's economy. This data is used by economists and policymakers to understand workforce trends and assess the competitiveness of Colorado's technology sector.
Methodology
The data is collected through surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely watched by state and local officials to inform economic development strategies and workforce planning.
Key Facts
- Colorado's computer systems design industry employed over 60,000 workers as of 2022.
- Employment in this sector has grown by over 25% in the past 5 years.
- The average annual wage for computer systems design jobs in Colorado exceeds $120,000.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the computer systems design and related services industry in the state of Colorado.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the health and growth of Colorado's technology sector, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: State and local officials closely monitor this metric to inform economic development strategies and workforce planning for the technology industry in Colorado.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 1-2 months from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Computer Systems Design and Related Services in Colorado (SMU08000006054150001A), retrieved from FRED.