All Employees: Construction: Specialty Trade Contractors in Hawaii
SMU15000002023800001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21.70
Year-over-Year Change
2.84%
Date Range
1/1/1990 - 6/1/2025
Summary
This trend measures the total number of employees in the construction specialty trade contractors industry in Hawaii. It provides valuable insights into the state's construction sector and economic activity.
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 Hawaii metric tracks the employment levels of specialty trade contractors, such as electrical, plumbing, and HVAC workers, within the construction industry in the state of Hawaii. This data is used by economists and policymakers to assess the health and growth of the local construction sector.
Methodology
The data is collected through surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is relevant for understanding the dynamics of Hawaii's construction market and informing economic policies and investment decisions.
Key Facts
- Hawaii's construction sector employs over 33,000 workers.
- Specialty trade contractors account for more than 60% of construction jobs in the state.
- Construction employment in Hawaii has grown by 7% over the past 5 years.
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 Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This data provides valuable insights into the health and growth of Hawaii's construction sector, which is an important 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: This employment trend is used by economists and policymakers to assess the dynamics of Hawaii's construction market and inform economic policies and investment decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical 1-2 month delay from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Construction: Specialty Trade Contractors in Hawaii (SMU15000002023800001), retrieved from FRED.