Employment for Construction: Residential Building Construction (NAICS 23611) in the United States
Thousands of Jobs
IPUDN23611W200000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,396.70
Year-over-Year Change
49.76%
Date Range
1/1/1987 - 1/1/2024
Summary
The 'Thousands of Jobs' trend measures changes in the total number of jobs in the U.S. manufacturing sector, providing an important economic indicator.
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
This monthly series from the U.S. Federal Reserve tracks total employment in manufacturing industries, offering insights into the health and growth of the manufacturing economy.
Methodology
The data is collected through surveys of employers and calculated as the total number of workers in thousands.
Historical Context
Manufacturing employment is a key input for policymakers and analysts assessing the overall state of the U.S. economy.
Key Facts
- U.S. manufacturing employs over 12 million workers.
- Manufacturing accounts for nearly 12% of total U.S. GDP.
- The sector has seen steady job growth since the 2008 recession.
FAQs
Q: What does this economic trend measure?
A: The 'Thousands of Jobs' trend measures the total number of employment positions in the U.S. manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: Manufacturing employment is a key economic indicator, providing insights into the health and growth of the U.S. industrial base.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers and calculated as the total number of workers in thousands.
Q: How is this trend used in economic policy?
A: Manufacturing employment is closely monitored by policymakers and analysts to assess the overall state of the U.S. economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Thousands of Jobs (IPUDN23611W200000000), retrieved from FRED.