All Employees: Construction: Specialty Trade Contractors in Indiana
This dataset tracks all employees: construction: specialty trade contractors in indiana over time.
Latest Value
106.40
Year-over-Year Change
37.11%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures employment levels in the construction specialty trade contractors industry in the state of Indiana. It provides insights into the health and activity of this key sector of the state's economy.
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 Indiana series tracks the number of people employed in specialty trade contractor roles, such as electrical, plumbing, HVAC, and other construction-related occupations. This data is used by economists and policymakers to monitor the strength of Indiana's construction industry.
Methodology
The data is collected through establishment surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Changes in this employment trend can signal broader economic conditions and influence policy decisions related to the construction industry.
Key Facts
- Indiana has over 80,000 construction specialty trade contractor employees.
- Specialty trade contractors account for nearly 70% of Indiana's construction workforce.
- Construction employment in Indiana has recovered to pre-pandemic levels.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of people employed in specialty trade contractor roles within the construction industry in the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the health and activity of a key sector of Indiana's economy, which can inform economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through establishment surveys by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Changes in construction employment can signal broader economic conditions and influence policy decisions related to the construction industry.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of a few weeks.
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Citation
U.S. Federal Reserve, All Employees: Construction: Specialty Trade Contractors in Indiana (SMU18000002023800001A), retrieved from FRED.