All Employees: Construction: Construction of Buildings in Alabama
SMU01000002023600001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25.35
Year-over-Year Change
2.38%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the number of all employees in the construction of buildings industry in Alabama. It provides insights into the state's construction activity and can inform economic forecasting and policy decisions.
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 Alabama metric tracks the total number of people employed in the construction of buildings sector within the state. This data point is useful for analyzing the health and growth of Alabama's construction industry and its broader economic implications.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for policymakers, industry analysts, and investors seeking to understand the dynamics of Alabama's construction and real estate markets.
Key Facts
- Alabama's construction industry employed over 80,000 people as of the latest data.
- The construction of buildings sector accounts for a significant portion of the state's overall construction workforce.
- Employment in Alabama's construction of buildings industry has shown steady growth in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the construction of buildings industry within the state of Alabama.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the health and activity of Alabama's construction sector, which is an important indicator of the state's broader economic conditions and real estate market.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor the construction industry's performance, which can inform economic forecasting, infrastructure planning, and real estate policy decisions.
Q: Are there update delays or limitations?
A: The data is typically released on a monthly basis, with some potential for minor delays in publication.
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Citation
U.S. Federal Reserve, All Employees: Construction: Construction of Buildings in Alabama (SMU01000002023600001SA), retrieved from FRED.