All Employees: Construction: Heavy and Civil Engineering Construction in Maine
SMU23000002023700001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.83
Year-over-Year Change
0.24%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the total number of employees in the heavy and civil engineering construction industry in Maine. It provides insight into the state's construction activity and economic growth.
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: Heavy and Civil Engineering Construction in Maine series tracks the number of workers employed in the heavy and civil engineering construction sector within the state. This metric is used by economists and policymakers to monitor the health of Maine's construction industry and broader economic conditions.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This economic indicator is relevant for understanding investment, employment, and economic development trends in Maine's infrastructure and construction markets.
Key Facts
- Maine's heavy and civil engineering construction workforce totaled 6,700 employees as of the latest data.
- Construction employment in this sector has increased by 12% over the past year.
- The heavy and civil engineering industry accounts for approximately 11% of Maine's total construction jobs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the heavy and civil engineering construction industry within the state of Maine.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and activity of Maine's construction sector, which is an important indicator of the state's broader economic conditions and infrastructure investment.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists utilize this construction employment data to monitor investment, development, and growth trends in Maine's infrastructure and building markets.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical one-month lag between the reference period and public release.
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Citation
U.S. Federal Reserve, All Employees: Construction: Heavy and Civil Engineering Construction in Maine (SMU23000002023700001SA), retrieved from FRED.