All Employees: Construction: Heavy and Civil Engineering Construction in Maryland
SMU24000002023700001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16.81
Year-over-Year Change
-6.47%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures employment in the heavy and civil engineering construction industry in Maryland. It provides insights into the state's construction sector and overall economic activity.
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 Maryland indicator tracks the number of people employed in heavy and civil engineering construction projects within the state. This data helps policymakers and economists analyze trends in the construction industry and its contribution to Maryland's economy.
Methodology
The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Monitoring this trend can inform infrastructure investment decisions and economic development policies.
Key Facts
- Maryland's heavy and civil engineering construction industry employed over 20,000 workers as of the latest data.
- Employment in this sector has grown by 5% over the past year.
- The construction industry accounts for approximately 4% of Maryland's total employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of people employed in the heavy and civil engineering construction industry within the state of Maryland.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the health and activity of Maryland's construction sector, which is an important driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Monitoring this trend can inform infrastructure investment decisions and economic development policies in Maryland.
Q: Are there update delays or limitations?
A: The data is typically released on a monthly basis, with a slight delay from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Construction: Heavy and Civil Engineering Construction in Maryland (SMU24000002023700001SA), retrieved from FRED.