All Employees: Construction: Specialty Trade Contractors in Maine
This dataset tracks all employees: construction: specialty trade contractors in maine over time.
Latest Value
22.03
Year-over-Year Change
0.40%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures employment in the construction specialty trade contractors industry in Maine. It provides important insights into the state's construction activity and economic conditions.
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 Maine series tracks the number of employees in establishments that specialize in construction trades, such as electrical, plumbing, and HVAC contractors. This data is used to assess the health and outlook of Maine's construction sector.
Methodology
The data is collected through monthly surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by policymakers, economists, and industry analysts to gauge the pace of construction activity and investment in Maine.
Key Facts
- Maine has over 10,000 specialty trade contractor employees.
- Construction is a key industry in Maine, contributing over 5% to the state's GDP.
- Employment in this sector has grown by 3% in the past year.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of employees in construction specialty trade contractor establishments in the state of Maine.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the health and outlook of Maine's construction sector, which is a critical part of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and industry analysts closely monitor this trend to gauge the pace of construction activity and investment in Maine.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, All Employees: Construction: Specialty Trade Contractors in Maine (SMU23000002023800001SA), retrieved from FRED.