Infra-Annual Labor Statistics: Employment: Economic Activity: Construction: Total for G7
G7LFEACNTTSTSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25,168,230.00
Year-over-Year Change
-1.92%
Date Range
1/1/2005 - 10/1/2020
Summary
This economic indicator tracks employment in the construction sector across the G7 countries. It provides valuable insights into the state of economic activity and infrastructure investment.
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 Infra-Annual Labor Statistics: Employment: Economic Activity: Construction: Total for G7 series measures the total number of individuals employed in the construction industry across the G7 nations. This data is a key barometer of economic health and investment in critical infrastructure.
Methodology
The data is collected through national labor force surveys and compiled by the OECD.
Historical Context
This trend is closely monitored by policymakers, economists, and investors to assess the strength of the global construction industry and broader economic conditions.
Key Facts
- The G7 countries are the US, UK, Japan, Germany, France, Italy, and Canada.
- Construction is a key driver of economic growth and infrastructure development.
- Employment in the construction sector is a leading indicator of economic conditions.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks total employment in the construction industry across the G7 countries, providing insights into economic activity and infrastructure investment.
Q: Why is this trend relevant for users or analysts?
A: Construction employment is a crucial leading indicator for economists and policymakers assessing the health of the global economy and infrastructure development.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys and compiled by the OECD.
Q: How is this trend used in economic policy?
A: Governments, central banks, and investors closely monitor this indicator to gauge the strength of the construction industry and broader economic conditions.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis, with potential delays in compiling information across the G7 countries.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment: Economic Activity: Construction: Total for G7 (G7LFEACNTTSTSAQ), retrieved from FRED.