Seasonally Adjusted
SMU72000006562000030SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
473.40
Year-over-Year Change
0.94%
Date Range
1/1/2001 - 12/1/2013
Summary
The Seasonally Adjusted series measures the seasonally adjusted number of job openings in the construction sector in the United States. This metric provides valuable insight into labor market dynamics 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 Seasonally Adjusted series is a key economic indicator that tracks the number of job openings in the construction industry after accounting for seasonal variations. It is widely used by economists, policymakers, and market analysts to assess labor market conditions and forecast economic activity.
Methodology
The data is collected through the Job Openings and Labor Turnover Survey (JOLTS) conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- The construction industry accounts for approximately 5% of U.S. GDP.
- Job openings in construction are a leading indicator of economic growth.
- Seasonal adjustments help identify underlying trends in the labor market.
FAQs
Q: What does this economic trend measure?
A: The Seasonally Adjusted series measures the number of job openings in the construction sector in the United States, after accounting for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into labor market dynamics and serves as a leading indicator of economic growth, making it relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through the Job Openings and Labor Turnover Survey (JOLTS) conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Seasonally Adjusted series is closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical delay of around one month.
Related Trends
All Employees: Accommodation in Puerto Rico
SMU72000007072100001A
All Employees: Professional and Business Services: Professional, Scientific, and Technical Services in Puerto Rico
SMS72000006054000001
All Employees: Local Government in Puerto Rico
SMU72000009093000001A
All Employees: Financial Activities: Real Estate and Rental and Leasing in Puerto Rico
SMU72000005553000001
All Employees: Durable Goods: Miscellaneous Durable Goods Manufacturing in Puerto Rico
SMU72000003133900001A
All Employees: Leisure and Hospitality in Puerto Rico
SMU72000007000000001
Citation
U.S. Federal Reserve, Seasonally Adjusted (SMU72000006562000030SA), retrieved from FRED.