Employment for Construction: Utility System Construction (NAICS 2371) in the United States
IPUDN2371W200000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
609.00
Year-over-Year Change
39.65%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures employment levels in the utility system construction industry, a key component of the broader construction sector. It provides insights into the health and activity of this vital infrastructure 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 Employment for Construction: Utility System Construction (NAICS 2371) in the United States series tracks the number of people employed in the utility system construction industry. This data is used by economists and policymakers to gauge the strength of infrastructure investment and development.
Methodology
This data is collected through surveys of U.S. businesses by the Bureau of Labor Statistics.
Historical Context
Trends in utility system construction employment are closely watched as an indicator of infrastructure spending and economic growth.
Key Facts
- Utility system construction includes work on water, sewer, power, and communication systems.
- The industry employs over 400,000 workers in the U.S.
- Employment in this sector tends to fluctuate with infrastructure investment levels.
FAQs
Q: What does this economic trend measure?
A: This trend measures the level of employment in the utility system construction industry, which includes work on water, sewer, power, and communication infrastructure projects.
Q: Why is this trend relevant for users or analysts?
A: Trends in utility system construction employment provide insights into the health and activity of this vital infrastructure industry, which is closely watched by economists and policymakers.
Q: How is this data collected or calculated?
A: This data is collected through surveys of U.S. businesses conducted by the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Utility system construction employment is seen as an indicator of infrastructure investment and economic growth, making it relevant for policymakers and market analysts.
Q: Are there update delays or limitations?
A: There may be some delays in data reporting, as the information is collected through surveys of businesses.
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Citation
U.S. Federal Reserve, Employment for Construction: Utility System Construction (NAICS 2371) in the United States (IPUDN2371W200000000), retrieved from FRED.