All Employees: Construction: Other Specialty Trade Contractors in Texas
This dataset tracks all employees: construction: other specialty trade contractors in texas over time.
Latest Value
77.70
Year-over-Year Change
27.59%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the number of employees in the other specialty trade contractors industry in Texas, providing insights into construction activity and labor market conditions 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: Other Specialty Trade Contractors in Texas series tracks the total number of workers employed in the other specialty trade contractors industry, which includes firms engaged in activities such as electrical, plumbing, and HVAC contracting. This metric is a key indicator of construction industry performance and broader economic conditions in Texas.
Methodology
The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is used by economists, policymakers, and industry analysts to assess the health of the construction sector and broader state economy.
Key Facts
- Texas is the second-largest construction market in the U.S.
- Other specialty trade contractors include electrical, plumbing, and HVAC firms.
- Construction is a key driver of economic activity in Texas.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the other specialty trade contractors industry in Texas, which includes firms engaged in electrical, plumbing, HVAC, and other specialty construction activities.
Q: Why is this trend relevant for users or analysts?
A: This employment metric provides insights into the performance of the construction industry and broader economic conditions in Texas, making it a valuable indicator for economists, policymakers, and industry analysts.
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: This construction employment trend is used by economists and policymakers to assess the health of the Texas economy and inform decisions related to economic development, infrastructure investment, and other policy initiatives.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months, and may be subject to periodic revisions by the statistical agency.
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Citation
U.S. Federal Reserve, All Employees: Construction: Other Specialty Trade Contractors in Texas (SMU48000002023890001A), retrieved from FRED.