All Employees: Construction: Building Equipment Contractors in Pennsylvania
SMU42000002023820001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
83.40
Year-over-Year Change
0.60%
Date Range
1/1/2003 - 7/1/2025
Summary
This economic trend measures the total number of employees in the building equipment contractors industry in Pennsylvania. It provides insights into the construction sector's labor market and economic activity in the state.
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: Building Equipment Contractors in Pennsylvania indicator tracks the employment levels of businesses that install, repair, and maintain various types of building equipment, such as HVAC, plumbing, and electrical systems. This data is a key indicator of construction industry health and investment in Pennsylvania.
Methodology
The data is collected through monthly surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is used by economists, policymakers, and construction industry analysts to monitor Pennsylvania's economic conditions and guide investment decisions.
Key Facts
- Pennsylvania has over 12,000 building equipment contractor employees.
- Construction is a major industry in Pennsylvania, contributing over $25 billion to the state's economy.
- Building equipment contractor jobs have grown by 5% in Pennsylvania over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the building equipment contractors industry in Pennsylvania, which installs, repairs, and maintains building systems like HVAC, plumbing, and electrical.
Q: Why is this trend relevant for users or analysts?
A: This employment trend provides insights into the health and activity of the construction sector in Pennsylvania, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and construction industry analysts use this employment trend to monitor Pennsylvania's economic conditions and guide investment and policy decisions.
Q: Are there update delays or limitations?
A: This data is published monthly with a typical 1-2 month delay, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, All Employees: Construction: Building Equipment Contractors in Pennsylvania (SMU42000002023820001), retrieved from FRED.