Infra-Annual Labor Statistics: Employment: Economic Activity: Construction: Total for Ireland
LFEACNTTIEQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
177,800.00
Year-over-Year Change
9.01%
Date Range
4/1/1998 - 1/1/2025
Summary
This economic indicator tracks total employment in the construction sector of Ireland, providing insights into the health and activity of the country's infrastructure and building industries.
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 Ireland series measures the total number of people employed in the construction industry within Ireland. This data point is a key indicator of economic activity and investment in the country's infrastructure and real estate sectors.
Methodology
The data is collected through household and employer surveys conducted by Ireland's Central Statistics Office.
Historical Context
Policymakers and analysts use this construction employment metric to assess the strength of Ireland's economy and guide decisions on infrastructure investment and development.
Key Facts
- Construction accounts for over 7% of Ireland's total employment.
- Employment in the sector has grown by 12% over the past 5 years.
- The construction industry makes up approximately 6% of Ireland's GDP.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total number of people employed in the construction industry within Ireland, providing insights into activity and investment in the country's infrastructure and real estate sectors.
Q: Why is this trend relevant for users or analysts?
A: Construction employment is a key indicator of economic health and investment, which is crucial information for policymakers, investors, and analysts assessing the strength of Ireland's economy.
Q: How is this data collected or calculated?
A: The data is collected through household and employer surveys conducted by Ireland's Central Statistics Office.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this construction employment metric to assess the strength of Ireland's economy and guide decisions on infrastructure investment and development.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule by Ireland's Central Statistics Office, with minimal delays. However, the survey-based nature of the data may limit its timeliness compared to some other economic indicators.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment: Economic Activity: Construction: Total for Ireland (LFEACNTTIEQ647S), retrieved from FRED.