All Employees: Construction: Specialty Trade Contractors in Indiana
This dataset tracks all employees: construction: specialty trade contractors in indiana over time.
Latest Value
105.75
Year-over-Year Change
-1.42%
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 Indiana. It provides insights into the health and activity of this critical 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 metric tracks the total number of individuals employed in specialty trade contracting activities, such as electrical, plumbing, and HVAC work. This data point is a key indicator of construction industry strength and investment in the state.
Methodology
The data is collected through monthly surveys of businesses and households by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to assess the broader economic conditions and outlook for Indiana's construction industry.
Key Facts
- Indiana has over 100,000 specialty trade contractor employees.
- Construction is a major contributor to Indiana's GDP.
- Specialty trade contractors make up over 60% of the state's construction workforce.
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 Indiana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the health and activity of a critical sector of Indiana's economy, helping policymakers and analysts assess broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses and households by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the broader economic conditions and outlook for Indiana's construction industry, which is a major contributor to the state's GDP.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical one-month delay between the reference period and publication.
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Citation
U.S. Federal Reserve, All Employees: Construction: Specialty Trade Contractors in Indiana (SMU18000002023800001SA), retrieved from FRED.