Hours Worked for Construction: Construction of Buildings (NAICS 236) in the United States
IPUDN236L010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
116.46
Year-over-Year Change
42.46%
Date Range
1/1/1987 - 1/1/2024
Summary
The 'Hours Worked for Construction: Construction of Buildings (NAICS 236) in the United States' trend measures the total hours worked in the construction of buildings industry. This metric is a key indicator of economic activity and labor demand in the construction sector.
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 series represents the total hours worked by employees in the construction of buildings industry, as defined by the North American Industry Classification System (NAICS) code 236. It provides insight into the overall labor inputs and production levels within this important construction segment.
Methodology
The data is collected through surveys of construction companies and contractors by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to assess the health and outlook of the construction industry, which has broad implications for the broader economy.
Key Facts
- Construction of buildings accounts for over 40% of total construction activity in the U.S.
- The construction industry employs over 7 million workers in the U.S.
- Hours worked in construction is a leading indicator of overall economic conditions
FAQs
Q: What does this economic trend measure?
A: This trend measures the total hours worked by employees in the construction of buildings industry, providing insight into labor inputs and production levels.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of economic activity and labor demand in the construction sector, which has broad implications for the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction companies and contractors by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health and outlook of the construction industry, which is an important driver of overall economic growth.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a lag of approximately one month.
Related Trends
Hours Worked for Construction: Heavy and Civil Engineering Construction (NAICS 237) in the United States
IPUDN237L010000000
Hours Worked for Construction: Other Heavy and Civil Engineering Construction (NAICS 237990) in the United States
IPUDN237990L200000000
Employment for Construction: Specialty Trade Contractors (NAICS 238) in the United States
IPUDN238W200000000
Hours Worked for Construction: Nonresidential Building Construction (NAICS 2362) in the United States
IPUDN2362L010000000
Hours Worked for Construction: Highway, Street, and Bridge Construction (NAICS 2373) in the United States
IPUDN2373L200000000
Employment for Construction: Building Equipment Contractors (NAICS 2382) in the United States
IPUDN2382W201000000
Citation
U.S. Federal Reserve, Hours Worked for Construction: Construction of Buildings (NAICS 236) in the United States (IPUDN236L010000000), retrieved from FRED.