Employment for Construction: Other Heavy and Civil Engineering Construction (NAICS 23799) in the United States
Thousands of Jobs
IPUDN23799W200000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
144.20
Year-over-Year Change
28.18%
Date Range
1/1/1987 - 1/1/2024
Summary
The 'Thousands of Jobs' indicator tracks the total number of jobs in the U.S. manufacturing sector, providing insight into the health and dynamics of the broader economy.
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
This manufacturing employment series is a key metric used by economists and policymakers to assess the strength of the industrial and broader labor markets. The data is closely monitored for signs of economic expansion or contraction.
Methodology
The 'Thousands of Jobs' figure is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in manufacturing employment are a leading indicator of overall economic performance and can inform policy decisions.
Key Facts
- The U.S. manufacturing sector employs over 12 million workers.
- Manufacturing output accounts for nearly 12% of U.S. GDP.
- Manufacturing job growth has outpaced the overall economy in recent years.
FAQs
Q: What does this economic trend measure?
A: The 'Thousands of Jobs' indicator tracks total employment in the U.S. manufacturing sector, providing insight into the health of the industrial economy.
Q: Why is this trend relevant for users or analysts?
A: Manufacturing employment is a key economic indicator used by policymakers, economists, and investors to assess broader economic conditions and performance.
Q: How is this data collected or calculated?
A: The 'Thousands of Jobs' figure is collected through monthly employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in manufacturing employment are closely watched by the Federal Reserve and other policymakers as an important gauge of overall economic health and a potential input for policy decisions.
Q: Are there update delays or limitations?
A: The 'Thousands of Jobs' data is released monthly with a typical 1-2 month lag, and may be subject to minor revisions over time.
Related Trends
Hours Worked for Construction: Other Heavy and Civil Engineering Construction (NAICS 237990) in the United States
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Hours Worked for Construction: Construction of Buildings (NAICS 236) in the United States
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Employment for Construction: Specialty Trade Contractors (NAICS 238) in the United States
IPUDN238W200000000
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Employment for Construction: Land Subdivision (NAICS 237210) in the United States
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Citation
U.S. Federal Reserve, Thousands of Jobs (IPUDN23799W200000000), retrieved from FRED.