All Employees: Construction: Construction of Buildings in Arizona
SMU04000002023600001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
53.77
Year-over-Year Change
9.65%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the number of construction workers employed in the building construction industry in Arizona. It provides insight into the health and activity of the state's construction sector, which is a key driver of economic growth.
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: Construction of Buildings in Arizona series tracks the total employment levels in the building construction industry within the state. This data is used by economists and policymakers to monitor labor market conditions, industry performance, and broader economic trends in Arizona.
Methodology
The data is collected through surveys of Arizona businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in construction employment are closely watched as an indicator of real estate and infrastructure investment activity.
Key Facts
- Arizona construction employment peaked in 2006 at over 200,000 workers.
- Construction jobs declined sharply during the 2008-2009 recession.
- The industry has gradually recovered, but has not returned to pre-recession levels.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of workers employed in the building construction industry within the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: Construction employment is an important indicator of activity and investment in the real estate and infrastructure sectors, which are key drivers of economic growth in Arizona.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Arizona businesses and establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in construction employment are closely watched by economists, policymakers, and market analysts as a gauge of broader economic conditions and investment activity.
Q: Are there update delays or limitations?
A: The data is subject to revision and may have a lag of several months between the reference period and the release date.
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Citation
U.S. Federal Reserve, All Employees: Construction: Construction of Buildings in Arizona (SMU04000002023600001SA), retrieved from FRED.