Utilities Wages and Salaries in Illinois
ILWUTI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,626,615.00
Year-over-Year Change
17.39%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Utilities Wages and Salaries in Illinois' trend measures the total wages and salaries paid to employees in the utilities industry within the state of Illinois. This metric is a key indicator of economic activity and labor market conditions in the utilities 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 data series represents the total compensation for workers employed in Illinois' utilities industry, which includes electric, gas, water, and sewer utilities. It is a useful indicator of labor costs and productivity trends for this important infrastructure sector.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
Utilities wages and salaries data helps policymakers and economists assess the health of a key state industry and its impact on overall economic conditions.
Key Facts
- Illinois utilities wages and salaries totaled $3.2 billion in 2021.
- Utilities employment accounts for about 1% of total nonfarm jobs in Illinois.
- Utilities wages have risen by 20% in Illinois over the past decade.
FAQs
Q: What does this economic trend measure?
A: The 'Utilities Wages and Salaries in Illinois' series tracks the total compensation paid to workers employed in the utilities industry within the state of Illinois.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into labor costs and productivity in a crucial infrastructure sector, helping policymakers and economists assess the health of the Illinois economy.
Q: How is this data collected or calculated?
A: The data is collected through business surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Utilities wages and salaries data helps inform decisions around infrastructure investment, utility regulation, and broader economic policies in Illinois.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 month lag and may be subject to revision as more complete information becomes available.
Related Trends
Nondurable Manufacturing Earnings in Illinois
ILENON
Personal Consumption Expenditures: Total for Illinois
ILPCE
Housing Inventory: Median Listing Price in Illinois
MEDLISPRIIL
All Employees: Rental and Leasing Services in Illinois
SMU17000005553200001A
Housing Inventory: Average Listing Price Month-Over-Month in Illinois
AVELISPRIMMIL
Average Weekly Hours of Production Employees: Wholesale Trade: Wholesale Electronic Markets and Agents and Brokers in Illinois
SMU17000004142500007A
Citation
U.S. Federal Reserve, Utilities Wages and Salaries in Illinois (ILWUTI), retrieved from FRED.