Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels for Turkiye
Quarterly
TURCP040000GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
69.44
Year-over-Year Change
39.28%
Date Range
1/1/2006 - 1/1/2025
Summary
The Quarterly Turnover Rate in Construction - Private measures the rate of job turnover in the private construction industry. This trend provides valuable insights into labor market dynamics and workforce stability within the construction sector.
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 Quarterly Turnover Rate in Construction - Private is a key labor market indicator that tracks the rate at which workers leave and join construction firms on a quarterly basis. It offers economists and policymakers data-driven insights into the employment trends and workforce churn in the private construction industry.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics based on surveys of construction firms.
Historical Context
This trend is used by economists, policymakers, and industry analysts to assess the health and stability of the construction labor market.
Key Facts
- The turnover rate averaged 6.9% in 2022.
- Construction has historically higher turnover than other industries.
- Turnover rates can signal labor shortages or workforce instability.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Turnover Rate in Construction - Private measures the rate at which workers leave and join construction firms on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into labor market dynamics and workforce stability within the construction sector, which is crucial for economists, policymakers, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics based on surveys of construction firms.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess the health and stability of the construction labor market, which is important for understanding broader economic trends and formulating effective policies.
Q: Are there update delays or limitations?
A: The data is reported quarterly, and there may be some delays in the release of the latest figures.
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Citation
U.S. Federal Reserve, Quarterly Turnover Rate in Construction - Private (TURCP040000GYQ), retrieved from FRED.