All Employees: Construction: Construction of Buildings in Maine
SMU23000002023600001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.50
Year-over-Year Change
-1.16%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the total number of employees in the construction of buildings industry in the state of Maine. It is an important indicator of economic activity and investment 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: Construction of Buildings in Maine data series tracks the total number of workers employed in the construction of residential, commercial, and other buildings within the state of Maine. This metric provides insights into the health and growth of the Maine construction industry.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This construction employment trend is closely monitored by policymakers, economists, and industry analysts to assess economic conditions and guide decision-making.
Key Facts
- Maine has over 16,000 construction employees.
- Construction job growth in Maine has outpaced the national average.
- The construction industry accounts for over 5% of Maine's total employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the construction of buildings industry in the state of Maine.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the health and growth of the construction sector in Maine, which is a key driver of economic activity and investment in the state.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This construction employment trend is closely monitored by policymakers, economists, and industry analysts to assess economic conditions and guide decision-making.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of one to two months.
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Citation
U.S. Federal Reserve, All Employees: Construction: Construction of Buildings in Maine (SMU23000002023600001), retrieved from FRED.