Hours Worked for Construction: Highway, Street, and Bridge Construction (NAICS 2373) in the United States
IPUDN2373L200000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
825.18
Year-over-Year Change
27.66%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic indicator measures the total number of hours worked in the U.S. construction industry for highway, street, and bridge construction. It provides insights into the level of activity and labor inputs for 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 2373) in the United States metric tracks the total labor input for a key construction subsector. It serves as an important indicator of economic activity and investment in critical public works projects.
Methodology
This data is collected through surveys of construction establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists use this indicator to assess the health of the construction industry and infrastructure investment.
Key Facts
- The construction sector accounts for over 4% of U.S. GDP.
- Highway and road construction is a major driver of construction industry activity.
- This data series dates back to 1972.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total number of hours worked in the U.S. construction industry for highway, street, and bridge construction projects.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the level of activity and labor inputs for a crucial infrastructure sector, which is closely watched by policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to assess the health of the construction industry and inform decisions around infrastructure investment.
Q: Are there update delays or limitations?
A: This data series is published monthly with a typical release 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 2373) in the United States (IPUDN2373L200000000), retrieved from FRED.