Employment for Construction: Building Equipment Contractors (NAICS 2382) in the United States
Thousands of Jobs
IPUDN2382W200000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,740.30
Year-over-Year Change
47.80%
Date Range
1/1/1987 - 1/1/2024
Summary
The 'Thousands of Jobs' economic trend measures the net change in total non-farm employment in the United States. This metric is a key indicator of labor market health and economic growth.
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 monthly changes in the total number of non-farm payroll jobs in the U.S. economy. It is a widely followed labor market indicator used by economists, policymakers, and market analysts to assess the overall strength of the job market and broader economic conditions.
Methodology
The data is collected through the Current Employment Statistics (CES) survey, a monthly poll of business establishments.
Historical Context
Changes in non-farm payrolls influence Federal Reserve monetary policy and are closely watched by financial markets.
Key Facts
- The U.S. added over 400,000 jobs in April 2022.
- The unemployment rate was 3.6% as of April 2022.
- Service-providing industries account for the majority of U.S. employment.
FAQs
Q: What does this economic trend measure?
A: The 'Thousands of Jobs' trend measures the net change in total non-farm employment in the United States on a monthly basis.
Q: Why is this trend relevant for users or analysts?
A: The non-farm payrolls metric is a key indicator of labor market health and overall economic conditions, making it closely watched by economists, policymakers, and financial market participants.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey, a monthly poll of business establishments.
Q: How is this trend used in economic policy?
A: Changes in non-farm payrolls influence Federal Reserve monetary policy and are closely watched by financial markets.
Q: Are there update delays or limitations?
A: The 'Thousands of Jobs' data is released monthly by the U.S. Bureau of Labor Statistics, with a typical publication delay of a few weeks.
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Citation
U.S. Federal Reserve, Thousands of Jobs (IPUDN2382W200000000), retrieved from FRED.