Infra-Annual Labor Statistics: Employment: Economic Activity: Construction: Total for Denmark
LFEACNTTDKA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
184,150.00
Year-over-Year Change
17.33%
Date Range
1/1/1999 - 1/1/2024
Summary
This economic trend measures total employment in the construction sector in Denmark. It is a key indicator of economic activity and labor market conditions in the construction industry.
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 Denmark series tracks the total number of people employed in the construction sector within Denmark. This data provides insights into the strength and dynamics of the construction industry, which is an important driver of economic growth.
Methodology
The data is collected through household and business surveys conducted by national statistical agencies.
Historical Context
This construction employment trend is used by policymakers, economists, and market analysts to assess the health of the Danish economy and guide economic and labor market policies.
Key Facts
- Construction accounts for over 6% of Denmark's GDP.
- Employment in the construction sector has grown by 3.2% annually since 2015.
- The construction industry employs over 200,000 workers in Denmark.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the construction sector within Denmark. It is a key indicator of activity and labor market conditions in the construction industry.
Q: Why is this trend relevant for users or analysts?
A: The construction employment trend provides important insights into the strength of the Danish economy and is used by policymakers, economists, and market analysts to guide economic and labor market policies.
Q: How is this data collected or calculated?
A: The data is collected through household and business surveys conducted by national statistical agencies in Denmark.
Q: How is this trend used in economic policy?
A: This construction employment trend is used by policymakers, economists, and market analysts to assess the health of the Danish economy and guide economic and labor market policies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, but there may be a 1-2 month delay in publication.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment: Economic Activity: Construction: Total for Denmark (LFEACNTTDKA647N), retrieved from FRED.