Infra-Annual Labor Statistics: Employment: Economic Activity: Construction: Total for G7
G7LFEACNTTSTQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26,206,270.00
Year-over-Year Change
1.83%
Date Range
4/1/1998 - 1/1/2025
Summary
The 'Infra-Annual Labor Statistics: Employment: Economic Activity: Construction: Total for G7' metric tracks employment in the construction industry across the Group of Seven (G7) major advanced economies.
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 data series provides a comprehensive overview of construction sector employment trends in the G7 countries, which are important indicators of economic activity and infrastructure investment.
Methodology
The data is collected and compiled by national statistical agencies and harmonized by international organizations.
Historical Context
Policymakers and market analysts closely monitor this construction employment metric to assess the health of the broader economy.
Key Facts
- The G7 countries are Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States.
- Construction is a key economic sector, accounting for around 6-9% of GDP in advanced economies.
- Employment in construction tends to be cyclical, rising during periods of economic expansion and falling in recessions.
FAQs
Q: What does this economic trend measure?
A: This metric tracks total employment in the construction industry across the Group of Seven (G7) major advanced economies.
Q: Why is this trend relevant for users or analysts?
A: Construction employment is an important indicator of economic activity, infrastructure investment, and the health of the broader economy.
Q: How is this data collected or calculated?
A: The data is collected and compiled by national statistical agencies and harmonized by international organizations.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts closely monitor this construction employment metric to assess economic conditions and inform policy decisions.
Q: Are there update delays or limitations?
A: The data may be subject to revisions and there can be lags in its release, as it is compiled from various national sources.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment: Economic Activity: Construction: Total for G7 (G7LFEACNTTSTQ), retrieved from FRED.