Employed full time: Wage and salary workers: Construction and building inspectors occupations: 16 years and over
LEU0254507500A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
94.00
Year-over-Year Change
8.05%
Date Range
1/1/2000 - 1/1/2024
Summary
This economic trend measures the number of full-time wage and salary workers employed in construction and building inspector occupations in the United States. It provides insights into the labor market for a specific skilled trade role within the 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 Employed full time: Wage and salary workers: Construction and building inspectors occupations: 16 years and over series tracks the employment levels of this specialized occupation, which plays a critical role in ensuring building safety and quality standards. Analysts use this data to assess workforce dynamics and employment trends in the construction sector.
Methodology
This data is collected through the U.S. Bureau of Labor Statistics' Current Population Survey.
Historical Context
Policymakers and industry stakeholders monitor this trend to understand labor market conditions and workforce needs in the construction industry.
Key Facts
- Construction and building inspectors ensure compliance with building codes and standards.
- Demand for these skilled workers is driven by construction activity and new building projects.
- Employment levels in this occupation can signal the health of the broader construction industry.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of full-time wage and salary workers employed as construction and building inspectors in the United States.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the labor market for a specialized occupation that plays a critical role in the construction industry, which is an important sector of the economy.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Current Population Survey.
Q: How is this trend used in economic policy?
A: Policymakers and industry stakeholders monitor this trend to understand labor market conditions and workforce needs in the construction sector.
Q: Are there update delays or limitations?
A: The data is subject to the regular update schedule and potential limitations of the Current Population Survey.
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Citation
U.S. Federal Reserve, Employed full time: Wage and salary workers: Construction and building inspectors occupations: 16 years and over (LEU0254507500A), retrieved from FRED.