Infra-Annual Labor Statistics: Labor Force Total: From 15 to 74 Years for Austria
Annual, Seasonally Adjusted
LFAC74TTATA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,720,825.00
Year-over-Year Change
9.91%
Date Range
1/1/1999 - 1/1/2024
Summary
This series measures the annual, seasonally adjusted employment level in the U.S. construction industry, a key indicator of economic activity and labor market trends.
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 annual, seasonally adjusted construction employment level tracks the total number of people employed in the construction sector on an annual basis after accounting for typical seasonal hiring patterns. This metric is widely used by economists and policymakers to assess the health and growth of the construction industry.
Methodology
The data is collected through monthly surveys of construction businesses and compiled annually by the U.S. Bureau of Labor Statistics.
Historical Context
Construction employment is a leading indicator of broader economic conditions and is closely monitored by the Federal Reserve and other policymakers.
Key Facts
- The U.S. construction industry employs over 7 million workers.
- Construction spending accounts for over 4% of U.S. GDP.
- Construction job growth is a key signal of economic expansion.
FAQs
Q: What does this economic trend measure?
A: This series measures the annual, seasonally adjusted employment level in the U.S. construction industry, providing an indicator of activity and labor market trends in this key sector.
Q: Why is this trend relevant for users or analysts?
A: Construction employment is a leading indicator of broader economic conditions and is closely monitored by economists, policymakers, and market analysts to assess the health and growth of the construction industry.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of construction businesses and compiled annually by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Construction employment is a key indicator tracked by the Federal Reserve and other policymakers to inform economic policy decisions and monitor the overall state of the U.S. economy.
Q: Are there update delays or limitations?
A: The annual, seasonally adjusted construction employment data is published with a slight delay, typically a few months after the end of the calendar year.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFAC74TTATA647S), retrieved from FRED.