All Employees: Construction in Montana
SMU30000002000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37.30
Year-over-Year Change
61.47%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Construction in Montana' trend tracks the number of people employed in the construction industry in the state of Montana. This data point is a key indicator of economic activity and growth in the 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 series measures the total number of people employed in the construction industry in Montana. It provides insight into the strength and trajectory of the state's construction market, which is an important driver of overall economic performance.
Methodology
The data is collected through monthly surveys of businesses and households by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this data to assess the health of Montana's construction industry and make informed decisions about economic and infrastructure policy.
Key Facts
- Montana's construction industry employs over 30,000 workers.
- Construction jobs account for 6% of total employment in the state.
- The industry has seen steady growth in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the construction industry in the state of Montana.
Q: Why is this trend relevant for users or analysts?
A: The construction industry is a key driver of economic activity, and this data provides insight into the strength and trajectory of Montana's construction sector.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses and households by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess the health of Montana's construction industry and make informed decisions about economic and infrastructure policy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical delay of 1-2 months.
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Citation
U.S. Federal Reserve, All Employees: Construction in Montana (SMU30000002000000001A), retrieved from FRED.