All Employees: Construction: Specialty Trade Contractors in North Dakota
This dataset tracks all employees: construction: specialty trade contractors in north dakota over time.
Latest Value
17.83
Year-over-Year Change
-2.07%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the total number of employees in the construction specialty trade contractors industry in North Dakota. It provides insight into the state's construction activity and labor market.
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 Dakota series tracks the monthly employment levels of specialty trade contractors, such as electrical, plumbing, and HVAC contractors, in the state. This metric is a key indicator of construction industry health and economic conditions.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Economists and policymakers use this trend to analyze the construction sector's contribution to North Dakota's overall economic performance.
Key Facts
- North Dakota has a large construction industry due to its energy and infrastructure development.
- Specialty trade contractors make up a significant portion of the state's construction workforce.
- Employment in this sector can fluctuate with changes in residential, commercial, and industrial building projects.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the construction specialty trade contractors industry in North Dakota, including electricians, plumbers, HVAC technicians, and other specialty trades.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and activity of North Dakota's construction sector, which is a key driver of the state's economy. It is closely watched by economists, policymakers, and industry stakeholders.
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 analysts use this construction employment data to assess the state's economic conditions and make informed decisions about infrastructure investment, housing policy, and other construction-related initiatives.
Q: Are there update delays or limitations?
A: The data is released with a small time lag, typically 1-2 months after the reference period. There may also be revisions to previous months' figures as more complete information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Construction: Specialty Trade Contractors in North Dakota (SMU38000002023800001SA), retrieved from FRED.