Employment for Construction: Highway, Street, and Bridge Construction (NAICS 23731) in the United States
Thousands of Jobs
IPUDN23731W200000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
381.20
Year-over-Year Change
27.58%
Date Range
1/1/1987 - 1/1/2024
Summary
The 'Thousands of Jobs' trend measures the total number of jobs in a specific industry or sector. It is a key economic indicator used by policymakers and analysts to assess the overall health and growth of the labor market.
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 'Thousands of Jobs' series tracks the total number of employment positions in a given industry or economic segment. This data is a valuable metric for understanding workforce dynamics, production capacity, and broader economic trends.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and market participants closely monitor this series to gauge the strength of the economy and inform decision-making.
Key Facts
- The series covers a range of industries, from manufacturing to services.
- Job growth is a key metric for assessing the overall health of the economy.
- Policymakers use this data to inform decisions on monetary and fiscal policies.
FAQs
Q: What does this economic trend measure?
A: The 'Thousands of Jobs' trend measures the total number of employment positions in a specific industry or economic sector.
Q: Why is this trend relevant for users or analysts?
A: This data is a crucial indicator of labor market conditions and overall economic performance, providing insights for policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor this series to gauge the strength of the economy and inform decisions on monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is released on a regular schedule by the U.S. Bureau of Labor Statistics, with occasional revisions to historical figures.
Related Trends
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Citation
U.S. Federal Reserve, Thousands of Jobs (IPUDN23731W200000000), retrieved from FRED.