All Employees: Construction in Maine
This dataset tracks all employees: construction in maine over time.
Latest Value
34.40
Year-over-Year Change
-1.99%
Date Range
1/1/1990 - 6/1/2025
Summary
The 'All Employees: Construction in Maine' series measures the total number of people employed in the construction industry within the state of Maine. This metric is a key indicator of economic activity and labor market trends in the construction 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 monthly employment levels in Maine's construction industry, which includes activities such as building construction, heavy and civil engineering construction, and specialty trade contractors. It provides insights into the health and dynamics of the state's construction sector.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The construction industry is an important driver of economic growth, and this series is closely monitored by policymakers, economists, and industry analysts.
Key Facts
- Maine's construction industry employs over 30,000 workers.
- Construction employment in Maine has grown by 5% over the past year.
- The construction sector accounts for approximately 4% of Maine's total nonfarm employment.
FAQs
Q: What does this economic trend measure?
A: The 'All Employees: Construction in Maine' series measures the total number of people employed in the construction industry within the state of Maine.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the health and dynamics of Maine's construction sector, which is an important driver of economic growth in the state.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The construction industry is closely monitored by policymakers, economists, and industry analysts, as it is a key indicator of economic activity and labor market trends.
Q: Are there update delays or limitations?
A: The data is published monthly by the U.S. Bureau of Labor Statistics, with typical update delays of 1-2 months.
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Citation
U.S. Federal Reserve, All Employees: Construction in Maine (MECONS), retrieved from FRED.