All Employees: Construction: Specialty Trade Contractors in Massachusetts
SMU25000002023800001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
116.89
Year-over-Year Change
-1.98%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic indicator tracks the number of employees in the construction specialty trade contractors industry in Massachusetts. It provides insights into the state's construction activity and labor market 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 Massachusetts series measures the total number of employees in the specialty trade contractors segment of the construction industry for the state of Massachusetts. This metric is a key indicator of the health and activity within the state's construction sector.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to assess the strength of the Massachusetts construction industry and its broader economic implications.
Key Facts
- Massachusetts is a major construction hub in the northeastern U.S.
- Specialty trade contractors account for over 60% of construction employment in the state.
- The construction industry contributes significantly to Massachusetts' GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the specialty trade contractors segment of the construction industry in Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the health and activity of the construction sector in Massachusetts, which is a key driver of the state's economy.
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 analysts use this trend to assess the strength of the Massachusetts construction industry and its broader economic implications.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and potential revisions of the Current Employment Statistics (CES) program.
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Citation
U.S. Federal Reserve, All Employees: Construction: Specialty Trade Contractors in Massachusetts (SMU25000002023800001SA), retrieved from FRED.