All Employees: Construction: Construction of Buildings in Washington
SMU53000002023600001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
59.15
Year-over-Year Change
-0.51%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the number of employees in the construction of buildings industry in Washington. It provides insight into the health and activity of the local construction sector, which is an important indicator of economic growth and development.
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: Construction of Buildings in Washington series tracks the total number of workers employed in the construction of residential and non-residential buildings within the state. This data is used by economists and policymakers to monitor labor market conditions and assess the overall strength of the construction industry.
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 closely watched by real estate developers, construction firms, and government agencies to inform investment decisions and policy development.
Key Facts
- Washington's construction industry employs over 100,000 workers.
- Construction of buildings accounts for roughly half of all construction jobs in the state.
- Employment in the sector has grown by 20% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the construction of residential and non-residential buildings in the state of Washington.
Q: Why is this trend relevant for users or analysts?
A: The construction industry is a key driver of economic growth, and this data provides insight into the health and activity of the sector, which is closely watched by developers, firms, and policymakers.
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 employment trend is used by government agencies, real estate developers, and construction firms to inform investment decisions and policy development related to the local construction industry.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical lag of 1-2 months from the reference period.
Related Trends
Value of Exports to Israel from Washington
WAISRA052SCEN
Production or Nonsupervisory Employees: Durable Goods: Transportation Equipment Manufacturing in Washington
SMU53000003133600006A
All Employees: Logging in Washington
SMU53000001011330001A
Personal Consumption Expenditures: Total for Washington
WAPCE
Real Per Capita Personal Income for Washington
WARPIPC
Personal Contributions for Social Insurance in Washington
WAOSOC
Citation
U.S. Federal Reserve, All Employees: Construction: Construction of Buildings in Washington (SMU53000002023600001SA), retrieved from FRED.