All Employees: Manufacturing in Illinois
ILMFG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
571.80
Year-over-Year Change
-1.12%
Date Range
1/1/1990 - 6/1/2025
Summary
The 'All Employees: Manufacturing in Illinois' trend tracks the total number of manufacturing workers employed in the state of Illinois. This metric is a key indicator of the health and performance of the state's industrial 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
This manufacturing employment series provides important insight into the production capacity and labor market dynamics of Illinois' economy. Economists and policymakers monitor this data to assess the state's industrial activity and competitiveness.
Methodology
The data is collected through a monthly survey of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
Manufacturing plays a vital role in Illinois' economy, and changes in this employment trend can influence economic and policy decisions.
Key Facts
- Illinois is a major manufacturing hub, producing a variety of goods from machinery to food products.
- Manufacturing accounts for over 12% of Illinois' total GDP.
- The state's manufacturing workforce has declined by around 25% since the early 2000s.
FAQs
Q: What does this economic trend measure?
A: The 'All Employees: Manufacturing in Illinois' trend tracks the total number of workers employed in the manufacturing sector across the state of Illinois.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into the health and performance of Illinois' industrial economy, which is an important driver of the state's overall economic activity and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor changes in Illinois' manufacturing employment to inform decisions related to economic development, workforce training, and industrial policy.
Q: Are there update delays or limitations?
A: The manufacturing employment data is released on a monthly basis, with a typical lag of around one month between the reference period and the publication date.
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Citation
U.S. Federal Reserve, All Employees: Manufacturing in Illinois (ILMFG), retrieved from FRED.