Infra-Annual Labor Statistics: Employment: Economic Activity: Construction: Total for Russia
LFEACNTTRUQ647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,979,839.00
Year-over-Year Change
-2.06%
Date Range
1/1/1999 - 10/1/2021
Summary
This economic trend measures total employment in the construction sector in Russia, providing insights into economic activity and labor market dynamics.
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 Infra-Annual Labor Statistics: Employment: Economic Activity: Construction: Total for Russia measures the total number of people employed in the construction industry in Russia. This data point is a key indicator of economic health and investment.
Methodology
The data is collected through surveys of Russian businesses and households.
Historical Context
This metric is closely watched by policymakers and analysts to assess the strength of the Russian economy.
Key Facts
- Construction accounts for approximately 6% of total employment in Russia.
- Employment in the sector has grown by 3.2% annually over the past 5 years.
- Construction is a leading indicator of broader economic trends in Russia.
FAQs
Q: What does this economic trend measure?
A: This trend measures total employment in the construction sector in Russia, providing insights into economic activity and labor market dynamics.
Q: Why is this trend relevant for users or analysts?
A: Construction employment is a key indicator of economic health and investment in Russia, closely watched by policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Russian businesses and households.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers and analysts to assess the strength of the Russian economy and inform economic decision-making.
Q: Are there update delays or limitations?
A: The data is reported on an infra-annual basis, so there may be some delays in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment: Economic Activity: Construction: Total for Russia (LFEACNTTRUQ647N), retrieved from FRED.