All Employees: Construction: Specialty Trade Contractors in Oregon
SMU41000002023800001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
74.30
Year-over-Year Change
-1.20%
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 the state of Oregon. It provides important insights into the health and activity of the local 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 Oregon data series tracks the total nonfarm employment levels for businesses focused on specialized construction trades, such as electrical, plumbing, and HVAC contractors. This metric serves as a key indicator of construction industry vitality and investment within the state.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists monitor this trend to assess the broader strength of the Oregon construction market and its contribution to overall economic growth.
Key Facts
- Oregon has over 40,000 specialty trade construction workers.
- Construction is a major driver of the state's economy.
- Employment in this sector has grown by 20% since 2010.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working for specialty trade contractors in the construction industry across the state of Oregon.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the health and activity levels of the local construction sector, which is a key driver of economic growth in Oregon.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of business establishments conducted 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 trend to assess the broader strength of Oregon's economy and make informed decisions about infrastructure investment and development.
Q: Are there update delays or limitations?
A: This data is published with a one-month lag by the U.S. Federal Reserve. There may also be revisions to historical figures based on updated survey responses.
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Citation
U.S. Federal Reserve, All Employees: Construction: Specialty Trade Contractors in Oregon (SMU41000002023800001), retrieved from FRED.