All Employees: Construction: Specialty Trade Contractors in Arkansas
SMU05000002023800001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41.40
Year-over-Year Change
-2.13%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures the total number of employees in the construction specialty trade contractors industry in Arkansas. It provides insights into the state's construction activity and labor market.
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 Arkansas series tracks the total employment levels in this specific construction industry sector within the state. It is a key indicator of economic conditions and construction industry performance.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is used by policymakers, economists, and businesses to assess the health of Arkansas' construction industry and broader economic trends.
Key Facts
- Arkansas has over 50,000 construction specialty trade contractor employees.
- Employment in this sector has grown by 15% in the past 5 years.
- Specialty trade contractors include electricians, plumbers, and HVAC installers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the construction specialty trade contractors industry in the state of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the health and activity of Arkansas' construction industry, 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 by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and businesses use this metric to assess construction industry performance and broader economic conditions in Arkansas.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, All Employees: Construction: Specialty Trade Contractors in Arkansas (SMU05000002023800001), retrieved from FRED.