Employment for Construction: Land Subdivision (NAICS 2372) in the United States
IPUDN2372W200000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
44.00
Year-over-Year Change
-15.71%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic indicator measures employment levels in the land subdivision industry, a key component of the construction sector. It provides insights into the overall health and activity of the U.S. construction 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: Land Subdivision (NAICS 2372) in the United States metric tracks the number of people employed in the land subdivision industry, which involves the process of dividing land into smaller lots for residential, commercial, or industrial development. This data series is a valuable indicator of construction industry trends and can inform economic analysis and policymaking.
Methodology
The data is collected through surveys of U.S. businesses and establishments by the Bureau of Labor Statistics.
Historical Context
Trends in land subdivision employment are closely watched by economists, policymakers, and industry analysts to assess the state of the construction sector and broader economic conditions.
Key Facts
- Land subdivision is a key precursor to new construction projects.
- Employment in this industry declined sharply during the Great Recession.
- The land subdivision industry is highly sensitive to changes in interest rates and housing market conditions.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of people employed in the land subdivision industry, which involves dividing land into smaller lots for development.
Q: Why is this trend relevant for users or analysts?
A: Trends in land subdivision employment provide insights into the overall health and activity of the U.S. construction sector, which is a crucial driver of economic growth.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. businesses and establishments by the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor land subdivision employment to assess construction industry conditions and broader economic trends, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay, and may be subject to revisions as additional information becomes available.
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Citation
U.S. Federal Reserve, Employment for Construction: Land Subdivision (NAICS 2372) in the United States (IPUDN2372W200000000), retrieved from FRED.