Hours Worked for Construction: Highway, Street, and Bridge Construction (NAICS 237310) in the United States
IPUDN237310L010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
111.19
Year-over-Year Change
27.66%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the total number of hours worked in the highway, street, and bridge construction industry in the United States. It provides insight into the level of activity and labor demand within this crucial infrastructure 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
The Hours Worked for Construction: Highway, Street, and Bridge Construction (NAICS 237310) series tracks the total number of hours worked by employees in this construction industry. It is an important indicator of output, productivity, and labor market conditions in this key infrastructure-related field.
Methodology
The data is collected through surveys of construction firms by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by policymakers, economists, and industry analysts to assess the health and growth of the U.S. highway and infrastructure construction sector.
Key Facts
- The series began in 1972.
- Construction accounts for over 4% of U.S. GDP.
- Highway and bridge construction is a key driver of economic growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of hours worked by employees in the highway, street, and bridge construction industry (NAICS 237310) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insight into the activity level and labor demand within the crucial infrastructure construction sector, which is a key driver of economic growth.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction firms by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, economists, and industry analysts to assess the health and growth of the U.S. highway and infrastructure construction sector.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Hours Worked for Construction: Highway, Street, and Bridge Construction (NAICS 237310) in the United States (IPUDN237310L010000000), retrieved from FRED.