Unemployment Level - Construction Industry, Private Wage and Salary Workers
LNU03032231 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
379.00
Year-over-Year Change
-9.76%
Date Range
1/1/2000 - 7/1/2025
Summary
Tracks unemployment among construction industry workers, providing critical insights into labor market dynamics in a key economic sector. Reflects economic health and construction industry employment trends.
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
Measures the number of unemployed workers specifically in the private construction sector. Helps economists understand cyclical and structural changes in construction employment.
Methodology
Data collected through monthly Current Population Survey by the Bureau of Labor Statistics.
Historical Context
Used by policymakers to assess construction industry economic performance and labor market conditions.
Key Facts
- Reflects economic cycles in construction sector
- Indicates infrastructure and housing market health
- Sensitive to economic downturns and seasonal variations
FAQs
Q: How does construction unemployment impact the overall economy?
A: Construction unemployment can signal broader economic challenges. It affects related industries and economic growth.
Q: What causes fluctuations in construction unemployment?
A: Economic cycles, seasonal changes, and infrastructure investment levels drive construction unemployment rates.
Q: How often is this data updated?
A: Monthly updates provide current insights into construction labor market conditions.
Q: Can construction unemployment predict economic recessions?
A: It serves as an early indicator of potential economic downturns in the broader economy.
Q: What factors influence construction employment?
A: Housing markets, infrastructure projects, and overall economic conditions directly impact construction jobs.
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Citation
U.S. Federal Reserve, Unemployment Level - Construction Industry, Private Wage and Salary Workers (LNU03032231), retrieved from FRED.