All Employees: Total Private in Illinois
SMS17000000500000026 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.80
Year-over-Year Change
-20.00%
Date Range
4/1/1990 - 6/1/2025
Summary
This economic trend tracks the total number of private employees in the state of Illinois over time. It serves as an important indicator of the overall health and employment conditions in the state's private 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 All Employees: Total Private in Illinois metric measures the total number of people employed in private-sector jobs within the state. It is a key economic indicator used by policymakers, analysts, and businesses to assess the strength and growth of Illinois' private labor market.
Methodology
The data is collected through surveys of private employers by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely watched by economists and policymakers to understand the performance of Illinois' economy and labor market.
Key Facts
- Illinois has the 5th largest economy in the U.S.
- Private sector employment accounts for over 80% of total jobs in Illinois
- The state's unemployment rate is currently 4.7%
FAQs
Q: What does this economic trend measure?
A: The All Employees: Total Private in Illinois metric tracks the total number of people employed in private-sector jobs within the state of Illinois.
Q: Why is this trend relevant for users or analysts?
A: This trend is an important indicator of the overall health and performance of Illinois' private labor market, which is closely watched by economists, policymakers, and businesses.
Q: How is this data collected or calculated?
A: The data is collected through surveys of private employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the strength and growth of Illinois' private sector, which informs economic policies and decisions.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 month delay by the U.S. Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, All Employees: Total Private in Illinois (SMS17000000500000026), retrieved from FRED.