All Employees: Construction in Oregon
SMU41000002000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
116.90
Year-over-Year Change
67.48%
Date Range
1/1/1990 - 1/1/2024
Summary
The All Employees: Construction in Oregon trend measures the total number of people employed in the construction industry within the state of Oregon. This indicator provides insight into the overall health and activity of the construction sector, which is a key driver of economic growth.
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 in Oregon series tracks the total number of people employed in the construction industry across the state. This data is used by economists, policymakers, and businesses to analyze the strength of the local construction market and its impact on the broader economy.
Methodology
The data is collected through a survey of businesses and establishments conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in construction employment are closely monitored by government agencies and private sector analysts to gauge the outlook for real estate, infrastructure, and other related industries.
Key Facts
- Oregon's construction industry employs over 100,000 workers.
- Construction is one of the largest private sector employers in the state.
- The construction sector accounts for approximately 6% of Oregon's GDP.
FAQs
Q: What does this economic trend measure?
A: The All Employees: Construction in Oregon trend measures the total number of people employed in the construction industry within the state of Oregon.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the strength and activity of the construction sector, which is a key driver of economic growth and development in Oregon.
Q: How is this data collected or calculated?
A: The data is collected through a survey of businesses and establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in construction employment are closely monitored by government agencies and private sector analysts to gauge the outlook for real estate, infrastructure, and other related industries, which informs economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of around one month.
Related Trends
Exports of Goods: Manufactured Commodities for Oregon
EXPMANOR
Personal Consumption Expenditures: Nondurable Goods: Food and Beverages Purchased for Off-Premises Consumption for Oregon
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Real Gross Domestic Product: Wholesale Trade (42) in Oregon
ORWHOLERQGSP
Value of Exports to Hungary from Oregon
ORHUNA052SCEN
Estimate of Related Children Age 5-17 in Families in Poverty for Oregon
PE5T17OR41000A647NCEN
Real Gross Domestic Product: Transportation and Warehousing (48-49) in Oregon
ORTRANSWARERGSP
Citation
U.S. Federal Reserve, All Employees: Construction in Oregon (SMU41000002000000001A), retrieved from FRED.