All Employees: Construction: Specialty Trade Contractors in New Jersey
This dataset tracks all employees: construction: specialty trade contractors in new jersey over time.
Latest Value
101.04
Year-over-Year Change
-5.13%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic indicator tracks the total number of employees in the construction specialty trade contractors industry in New Jersey. It provides insight 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
The All Employees: Construction: Specialty Trade Contractors in New Jersey series measures the seasonally adjusted number of workers employed in specialty trade contracting activities, such as electrical, plumbing, and HVAC work, across the state. This data point is a key barometer of construction industry performance and can inform economic analysis and policymaking.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in construction employment are closely watched by economists, investors, and policymakers as an indicator of economic growth and future activity.
Key Facts
- New Jersey has over 100,000 specialty trade contractor employees.
- Construction is a key industry in the state, accounting for 5% of GDP.
- Specialty trade contractors include electricians, plumbers, and HVAC installers.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total number of employees in the construction specialty trade contractors industry in New Jersey, providing insight into the state's construction sector activity.
Q: Why is this trend relevant for users or analysts?
A: Trends in construction employment are closely watched as an important indicator of economic growth and future activity, informing analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists, investors, and policymakers use this data to assess the health of the construction industry and the broader state economy.
Q: Are there update delays or limitations?
A: This data is released monthly with a lag of several weeks, and may be subject to revisions as additional information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Construction: Specialty Trade Contractors in New Jersey (SMU34000002023800001SA), retrieved from FRED.