All Employees: Construction: Other Specialty Trade Contractors in New York
This dataset tracks all employees: construction: other specialty trade contractors in new york over time.
Latest Value
29.90
Year-over-Year Change
31.14%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the number of employees in the Other Specialty Trade Contractors industry in New York. It is an important indicator of construction activity and economic conditions in the state.
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: Other Specialty Trade Contractors in New York data series tracks the monthly employment levels for a subset of the construction industry, providing insights into the health of this sector and broader economic trends.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment metric is used by economists, policymakers, and market analysts to assess the strength of New York's construction industry and its implications for the state's economic performance.
Key Facts
- New York's construction industry accounts for over 6% of the state's GDP.
- Employment in other specialty trade contractors has grown by 4.2% in the past year.
- The construction sector is a major source of middle-income jobs in New York.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the number of employees in the Other Specialty Trade Contractors industry within the construction sector in New York state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the health and activity of New York's construction industry, which is an important driver of economic growth and employment in the state.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this construction employment metric to assess the state of New York's economy and inform decisions on economic development, infrastructure investment, and other policy initiatives.
Q: Are there update delays or limitations?
A: The data is published with a one-month lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Construction: Other Specialty Trade Contractors in New York (SMU36000002023890001A), retrieved from FRED.