All Employees: Construction: Specialty Trade Contractors in North Carolina
This dataset tracks all employees: construction: specialty trade contractors in north carolina over time.
Latest Value
174.73
Year-over-Year Change
3.83%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the number of employees in specialty trade contracting, a key component of the construction industry in North Carolina. It 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
The All Employees: Construction: Specialty Trade Contractors in North Carolina metric tracks the number of individuals employed in specialty trade contracting, such as electrical, plumbing, and HVAC work. This data is used by economists and policymakers to assess the strength of North Carolina's construction industry and broader economic conditions.
Methodology
The data is collected through a monthly survey of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely watched by construction firms, real estate developers, and government agencies to gauge the construction sector's outlook and support policy decisions.
Key Facts
- North Carolina is a top 10 state for construction employment.
- Specialty trade contractors account for over 70% of construction jobs in the state.
- Construction is a key driver of North Carolina's economy.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of employees in specialty trade contracting, a crucial component of North Carolina's construction industry.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the health and activity of North Carolina's construction sector, which is a key driver of the state's broader economy.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics collects this data through a monthly survey of employers.
Q: How is this trend used in economic policy?
A: Construction industry metrics like this are closely watched by policymakers, developers, and other stakeholders to gauge economic conditions and support policy decisions.
Q: Are there update delays or limitations?
A: This data is released monthly with a short lag, providing timely insights into North Carolina's construction employment trends.
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Citation
U.S. Federal Reserve, All Employees: Construction: Specialty Trade Contractors in North Carolina (SMU37000002023800001SA), retrieved from FRED.