All Employees: Construction: Specialty Trade Contractors in Indiana
SMU18000002023800001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
108.70
Year-over-Year Change
-1.45%
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 Indiana. It is an important indicator of economic activity and labor market conditions in the 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 Indiana metric tracks the total employment in specialty trade contractor businesses, such as electrical, plumbing, and HVAC contractors. This data provides insight into the overall health and performance of the construction industry in the state.
Methodology
The data is collected through monthly surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists monitor this trend to assess the strength of the construction industry and broader economic conditions.
Key Facts
- Indiana has over 50,000 construction specialty trade contractor employees.
- Specialty trade contractor jobs account for nearly 60% of all construction employment in Indiana.
- Construction is a key industry in the Indiana economy, contributing over $10 billion annually.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the construction specialty trade contractors industry in the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the performance and health of the construction sector in Indiana, which is a crucial component of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to assess the strength of the construction industry and broader economic conditions in Indiana.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, All Employees: Construction: Specialty Trade Contractors in Indiana (SMU18000002023800001), retrieved from FRED.