Unemployment Level - Construction and Extraction Occupations
LNU03032224 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
392.00
Year-over-Year Change
-11.31%
Date Range
1/1/2000 - 7/1/2025
Summary
Tracks unemployment specifically within construction and extraction industries. Provides critical insight into labor market dynamics for skilled trade sectors.
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 metric measures the number of unemployed workers in construction and extraction occupations. It reflects economic health and workforce challenges in these critical industries.
Methodology
Data collected through monthly Bureau of Labor Statistics household surveys.
Historical Context
Used by policymakers to assess labor market conditions in infrastructure and resource sectors.
Key Facts
- Reflects cyclical nature of construction employment
- Sensitive to economic development and infrastructure spending
- Indicates skill demand in trade occupations
FAQs
Q: How does construction unemployment impact the overall economy?
A: Construction unemployment can signal broader economic trends. It reflects infrastructure investment and economic development cycles.
Q: What causes unemployment in construction and extraction jobs?
A: Seasonal variations, economic downturns, and technological changes can significantly impact these industries.
Q: How often is this data updated?
A: Monthly updates provide current snapshot of employment in these sectors.
Q: Do economic stimulus packages affect this unemployment metric?
A: Infrastructure spending directly influences employment levels in construction and extraction occupations.
Q: What makes this unemployment data unique?
A: Specifically tracks skilled trade jobs, offering targeted labor market insights.
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Citation
U.S. Federal Reserve, Unemployment Level - Construction and Extraction Occupations (LNU03032224), retrieved from FRED.