All Employees: Construction: Specialty Trade Contractors in Connecticut
SMU09000002023800001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
45.44
Year-over-Year Change
1.31%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the number of employees in the construction specialty trade contractors industry in Connecticut. It is a key indicator of economic activity and labor market conditions 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
The All Employees: Construction: Specialty Trade Contractors in Connecticut data series tracks the total nonfarm employment in the specialty trade contractors industry, which includes businesses that focus on specific construction activities such as electrical work, plumbing, and HVAC. This metric provides insight into the health and trends within Connecticut's construction industry.
Methodology
The data is collected through monthly surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely watched by economists, policymakers, and construction industry stakeholders to gauge the strength of the local economy and inform economic and infrastructure investment decisions.
Key Facts
- Connecticut has a large and diverse construction industry.
- Specialty trade contractors account for over 70% of construction jobs in the state.
- Employment in this sector fluctuates with economic conditions and construction activity.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total number of employees in the construction specialty trade contractors industry in the state of Connecticut.
Q: Why is this trend relevant for users or analysts?
A: The specialty trade contractors employment metric provides valuable insight into the health and trends within Connecticut's 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 monthly surveys of establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and construction industry stakeholders closely monitor this employment trend to gauge the strength of the local economy and inform economic and infrastructure investment decisions.
Q: Are there update delays or limitations?
A: The data is published with a typical one-month lag, so the most recent figures may not reflect the latest conditions.
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Citation
U.S. Federal Reserve, All Employees: Construction: Specialty Trade Contractors in Connecticut (SMU09000002023800001SA), retrieved from FRED.