Infra-Annual Labor Statistics: Employment: Economic Activity: Construction: Total for Norway
LFEACNTTNOA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
234,275.00
Year-over-Year Change
20.48%
Date Range
1/1/2000 - 1/1/2024
Summary
This economic trend measures total employment in the construction sector in Norway. It is a key indicator of economic activity and infrastructure investment.
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 Norway series tracks the total number of individuals employed in the construction industry in Norway. This metric is used by economists and policymakers to gauge the health of the construction sector and broader economic conditions.
Methodology
The data is collected through household and establishment surveys conducted by Statistics Norway.
Historical Context
This construction employment trend is closely watched as a barometer of infrastructure investment and real estate market conditions.
Key Facts
- Norway's construction sector employs over 250,000 workers.
- Construction accounts for 6% of Norway's total employment.
- Construction employment has grown by 15% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures total employment in the construction sector in Norway, including workers in building, infrastructure, and specialty trades.
Q: Why is this trend relevant for users or analysts?
A: Construction employment is a key indicator of economic activity, investment, and the health of the real estate market in Norway.
Q: How is this data collected or calculated?
A: The data is collected through household and establishment surveys conducted by Statistics Norway.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor construction employment to assess the state of infrastructure investment and broader economic conditions in Norway.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis with a 2-3 month lag.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment: Economic Activity: Construction: Total for Norway (LFEACNTTNOA647S), retrieved from FRED.