Employment for Construction: Construction of Buildings (NAICS 236) in the United States
IPUDN236W010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
119.12
Year-over-Year Change
43.68%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures employment in the construction of buildings sector, which is a key indicator of economic activity and construction industry performance.
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 Construction of Buildings (NAICS 236) industry includes establishments primarily engaged in the construction of buildings. This employment data provides insights into the health and growth of the construction industry, which is a critical driver of economic growth and activity.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through monthly surveys.
Historical Context
This employment trend is widely used by economists, policymakers, and market analysts to assess construction industry conditions and the broader economy.
Key Facts
- Construction accounts for over 4% of U.S. GDP.
- The construction industry employs over 7 million workers.
- Building construction employment has recovered to pre-pandemic levels.
FAQs
Q: What does this economic trend measure?
A: This trend measures employment in the construction of buildings sector, which includes establishments primarily engaged in the construction of residential, commercial, and other buildings.
Q: Why is this trend relevant for users or analysts?
A: The construction industry is a key driver of economic growth, and employment in this sector provides insights into the health and performance of the broader economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through monthly surveys of establishments in the construction industry.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this employment data to assess the state of the construction industry and make informed decisions about economic and infrastructure policies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical delay of around one month from the end of the reference period.
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Citation
U.S. Federal Reserve, Employment for Construction: Construction of Buildings (NAICS 236) in the United States (IPUDN236W010000000), retrieved from FRED.