All Employees: Construction: Construction of Buildings in Utah
SMU49000002023600001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30.53
Year-over-Year Change
-0.27%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the total number of employees in the construction of buildings industry in the state of Utah. It is an important indicator of construction activity and economic growth in the region.
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 Utah data series tracks the total number of employees engaged in the construction of residential and non-residential buildings within Utah. This metric provides insight into the health and activity of the local construction industry, which is a key driver of economic development.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to gauge the strength of the Utah construction sector and its contribution to the broader state economy.
Key Facts
- Utah construction employment accounts for around 5% of the state's total nonfarm payroll.
- The construction of buildings industry makes up approximately 60% of total construction employment in Utah.
- Construction activity in Utah has seen steady growth in recent years, outpacing the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the construction of buildings industry in the state of Utah.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and activity of the local construction industry, which is a key driver of economic growth and development in Utah.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business 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 gauge the strength of the Utah construction sector and its contribution to the broader state economy.
Q: Are there update delays or limitations?
A: The data is subject to typical publication delays and may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, All Employees: Construction: Construction of Buildings in Utah (SMU49000002023600001SA), retrieved from FRED.