All Employees: Construction: Specialty Trade Contractors in Utah
SMU49000002023800001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
102.30
Year-over-Year Change
5.36%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures the total number of employees in the construction specialty trade contractors industry in Utah. It provides insight into the strength and activity of this key sector of the state's economy.
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 Utah data series tracks the monthly employment levels in this industry, which includes a wide range of specialty construction trades such as electrical, plumbing, and HVAC contractors. This metric is used by economists and policymakers to gauge the health and growth of Utah's construction sector.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in construction employment are closely monitored as an indicator of broader economic conditions and construction industry activity.
Key Facts
- Utah has a large and growing construction industry.
- Specialty trade contractors make up a significant portion of construction jobs.
- Employment in this sector can signal the pace of new building projects.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the construction specialty trade contractors industry in the state of Utah.
Q: Why is this trend relevant for users or analysts?
A: Trends in construction employment, especially in specialized trades, provide valuable insights into the overall health and activity of Utah's construction sector and broader economy.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor construction employment data to gauge the pace of new building projects and assess the strength of the construction industry, which is a key driver of economic growth.
Q: Are there update delays or limitations?
A: The data is released monthly, with a typical 1-2 month delay, and may be subject to revisions over time.
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Citation
U.S. Federal Reserve, All Employees: Construction: Specialty Trade Contractors in Utah (SMU49000002023800001), retrieved from FRED.