All Employees: Construction: Construction of Buildings in Massachusetts
SMU25000002023600001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
36.32
Year-over-Year Change
2.17%
Date Range
1/1/1990 - 7/1/2025
Summary
The 'All Employees: Construction: Construction of Buildings in Massachusetts' trend measures the total number of employees in the construction of buildings industry in Massachusetts. This provides insights into the health and activity of the state's 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
This economic indicator tracks employment levels in the construction of buildings industry within Massachusetts. It is used by policymakers, economists, and businesses to assess the strength of the state's construction activity and broader economic conditions.
Methodology
The data is collected through monthly surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
The construction employment trend is a leading indicator of economic conditions and can inform policy decisions related to infrastructure, housing, and regional development.
Key Facts
- The construction industry accounts for over 5% of Massachusetts' GDP.
- Construction employment in Massachusetts has grown by 20% since 2010.
- The state's construction workforce is over 150,000 as of the latest data.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the construction of buildings industry within the state of Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: The construction employment trend provides insights into the strength of the state's construction sector, which is an important driver of economic activity and regional development.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and businesses to assess the health of the construction industry and inform decisions related to infrastructure, housing, and regional economic development.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical delay of 1-2 months from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Construction: Construction of Buildings in Massachusetts (SMU25000002023600001SA), retrieved from FRED.