All Employees: Construction: Specialty Trade Contractors in Ohio
SMU39000002023800001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
175.79
Year-over-Year Change
8.36%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the total number of employees in the specialty trade contractor industry in Ohio. It provides insights into the construction sector and broader economic activity 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: Specialty Trade Contractors in Ohio series tracks the monthly employment levels of specialty trade contractors, such as electricians, plumbers, and HVAC installers, in the state of Ohio. This data is used to monitor the health and trends within Ohio's construction industry.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is a key indicator for policymakers and analysts assessing the strength of Ohio's construction and broader economic environment.
Key Facts
- Ohio has the 7th largest construction industry in the United States.
- Specialty trade contractors account for over 75% of Ohio's construction workforce.
- Construction employment in Ohio has grown by 12% since the end of the Great Recession.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the specialty trade contractor industry in Ohio, including electricians, plumbers, HVAC installers, and other construction trades.
Q: Why is this trend relevant for users or analysts?
A: This employment data provides insights into the health and performance of Ohio's construction sector, which is a key driver of the state's broader economic activity.
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 analysts use this construction employment data to assess the strength of Ohio's economy and make informed decisions about infrastructure investments, economic development initiatives, and other policy measures.
Q: Are there update delays or limitations?
A: The data is released with a one-month lag, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Construction: Specialty Trade Contractors in Ohio (SMU39000002023800001SA), retrieved from FRED.