Employment for Construction: Highway, Street, and Bridge Construction (NAICS 237310) in the United States
IPUDN237310W010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
114.96
Year-over-Year Change
27.58%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures employment levels in the highway, street, and bridge construction industry in the United States. It provides insights into the health and activity of 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 Employment for Construction: Highway, Street, and Bridge Construction (NAICS 237310) in the United States series tracks the number of workers employed in the construction of highways, streets, bridges, and related infrastructure projects. This data is an important indicator of economic conditions and investment in the transportation sector.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through monthly surveys of businesses.
Historical Context
Policymakers and economists monitor this trend to assess the state of infrastructure development and its impact on the broader economy.
Key Facts
- Employment in highway, street, and bridge construction peaked in 2022.
- The industry employs over 400,000 workers in the United States.
- Construction spending on highways and streets accounts for a significant portion of total U.S. infrastructure investment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of people employed in the highway, street, and bridge construction industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the health and activity of the crucial infrastructure construction sector, which is closely watched by policymakers and economists.
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 businesses.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to assess the state of infrastructure development and its impact on the broader economy.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Employment for Construction: Highway, Street, and Bridge Construction (NAICS 237310) in the United States (IPUDN237310W010000000), retrieved from FRED.