All Employees: Construction: Specialty Trade Contractors in Maryland
SMU24000002023800001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
108.90
Year-over-Year Change
-0.20%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures the number of construction specialty trade contractors employed in the state of Maryland. It provides valuable insights into the health and activity of the state's construction industry.
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 Maryland metric tracks the monthly employment levels of specialty trade contractors, such as electricians, plumbers, and HVAC technicians, within the broader construction sector in Maryland. This data is used by economists and policymakers to monitor the state's economic conditions and make informed decisions.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through surveys of businesses and establishments.
Historical Context
This economic indicator is closely watched by construction industry stakeholders, real estate analysts, and state economic development agencies.
Key Facts
- Maryland has over 90,000 construction specialty trade contractors.
- Construction is a major contributor to Maryland's GDP.
- Specialty trade contractors account for the majority of construction jobs in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of construction specialty trade contractors employed in the state of Maryland, providing insights into the state's construction industry activity.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding the health and performance of Maryland's construction sector, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through surveys of businesses and establishments.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and industry stakeholders to monitor the state's economic conditions and make informed decisions regarding construction-related policies and investments.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis, with some potential for minor delays in publication.
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Citation
U.S. Federal Reserve, All Employees: Construction: Specialty Trade Contractors in Maryland (SMU24000002023800001SA), retrieved from FRED.