Infra-Annual Labor Statistics: Employment: Economic Activity: Construction: Total for OECD
OECDLFEACNTTSTSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
43,868,930.00
Year-over-Year Change
-1.52%
Date Range
7/1/2010 - 10/1/2020
Summary
This economic indicator tracks total employment in the construction sector for OECD countries. It provides insight into the health and activity of the construction industry, a key component of economic growth and 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 OECD Employment: Construction indicator measures the total number of individuals employed in the construction industry across OECD member nations. It is a valuable metric for analyzing the broader state of the construction sector and its contribution to national and international economic conditions.
Methodology
The data is collected through national labor force surveys conducted by OECD member countries.
Historical Context
This indicator is widely used by policymakers, economists, and market analysts to assess construction industry performance and its implications for overall economic activity.
Key Facts
- Construction accounts for approximately 6% of total OECD employment.
- Construction employment declined sharply during the 2008-2009 financial crisis.
- The construction sector is a leading indicator of broader economic conditions.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks total employment in the construction sector across OECD member countries.
Q: Why is this trend relevant for users or analysts?
A: The construction industry is a key driver of economic growth and investment, so this metric provides valuable insights into the broader state of the economy.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys conducted by OECD member countries.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and market analysts use this indicator to assess construction industry performance and its implications for overall economic activity.
Q: Are there update delays or limitations?
A: The data is reported on an infra-annual basis, so there may be delays in the most recent figures being available.
Related Trends
Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total
OECDCPGRLE01GPQ
Infra-Annual Labor Statistics: Unemployment Rate Total: 15 Years or over for OECD
OECDLRUNTTTTSTSAQ
Infra-Annual Labor Statistics: Unemployment Rate Total: From 55 to 64 Years for OECD
OECDLRUN55TTSTSAQ
Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 25 to 54 Years for OECD
OECDLRAC25TTSTQ
Production: Industry: Total
OECDPRINTO01GYSAQ
Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 24 Years for OECD
OECDLRUN24TTSTSAQ
Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment: Economic Activity: Construction: Total for OECD (OECDLFEACNTTSTSAQ), retrieved from FRED.