Unemployment Rate - Construction and Extraction Occupations
LNU04032224 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.20
Year-over-Year Change
-12.50%
Date Range
1/1/2000 - 7/1/2025
Summary
Measures unemployment specifically in construction and extraction occupations. Provides critical insights into infrastructure and resource sector labor markets.
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 metric tracks the percentage of workers in construction and extraction fields who are currently unemployed. It reflects industry-specific economic conditions.
Methodology
Data collected monthly through the Bureau of Labor Statistics Current Population Survey.
Historical Context
Essential for understanding infrastructure development and resource extraction industry health.
Key Facts
- Sensitive to economic development and infrastructure investment
- Reflects cyclical nature of construction and extraction industries
- Important indicator of regional economic health
FAQs
Q: Why track construction and extraction unemployment?
A: Provides insights into infrastructure development and resource sector economic conditions.
Q: How do economic cycles impact this unemployment rate?
A: Highly responsive to economic investment, infrastructure projects, and resource demand.
Q: What factors influence this unemployment rate?
A: Economic development, infrastructure spending, and resource market conditions directly impact employment.
Q: How frequently is this data updated?
A: Monthly updates provide current snapshot of industry-specific employment trends.
Q: Can this rate predict broader economic trends?
A: Serves as a key indicator of infrastructure investment and economic development potential.
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Citation
U.S. Federal Reserve, Unemployment Rate - Construction and Extraction Occupations (LNU04032224), retrieved from FRED.