All Employees: Construction: Specialty Trade Contractors in Pennsylvania
SMU42000002023800001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
169.30
Year-over-Year Change
-0.12%
Date Range
1/1/1990 - 6/1/2025
Summary
This trend measures the total number of employees in the specialty trade contractors industry in Pennsylvania. It provides insight into the state's construction sector and economic activity.
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 Pennsylvania series tracks the monthly employment levels for establishments focused on specialized construction activities, such as electrical, plumbing, and HVAC work. It is a key indicator of construction industry health and broader economic conditions.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts monitor this trend to assess the strength of Pennsylvania's construction industry and make informed decisions.
Key Facts
- Pennsylvania has over 80,000 specialty trade contractor employees.
- This sector accounts for over 60% of the state's construction workforce.
- Employment levels have recovered to pre-pandemic highs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the specialty trade contractors industry in Pennsylvania, providing insight into the state's construction sector.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of construction industry health and broader economic conditions in Pennsylvania, making it relevant for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through 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 monitor this trend to assess the strength of Pennsylvania's construction industry and make informed decisions about economic policy and investment.
Q: Are there update delays or limitations?
A: The data is released monthly, with a typical delay of a few weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, All Employees: Construction: Specialty Trade Contractors in Pennsylvania (SMU42000002023800001), retrieved from FRED.