All Employees: Private Service Providing in Illinois
SMS17000000800000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,495.40
Year-over-Year Change
0.43%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures the total number of private service-providing employees in the state of Illinois. It is a key indicator of the health and growth of the state's service-oriented economy.
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: Private Service Providing in Illinois statistic tracks the number of people employed in private service-providing industries within the state. This includes jobs in sectors like trade, transportation, utilities, information, financial activities, professional and business services, education, health care, and leisure and hospitality.
Methodology
The data is collected through surveys of private businesses and establishments in Illinois.
Historical Context
This trend is closely monitored by policymakers, economists, and businesses to assess economic conditions and make informed decisions.
Key Facts
- Illinois is the 5th largest state economy in the U.S.
- The service sector accounts for over 80% of Illinois' GDP.
- Private service jobs make up about 70% of total employment in Illinois.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in private service-providing industries within the state of Illinois.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of the health and growth of Illinois' service-oriented economy, which is critical for policymakers, businesses, and economists to monitor.
Q: How is this data collected or calculated?
A: The data is collected through surveys of private businesses and establishments in Illinois.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, economists, and businesses to assess economic conditions and make informed decisions.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, but there may be slight delays in reporting.
Related Trends
Average Weekly Hours of All Employees: Private Service Providing in Illinois
SMU17000000800000002A
All Employees: Education and Health Services: Private Educational Services in Illinois
SMU17000006561000001
Average Weekly Earnings of All Employees: Financial Activities in Illinois
SMU17000005500000011A
All Employees: Manufacturing: Durable Goods: Computer and Electronic Product Manufacturing in Illinois
SMU17000003133400001
Average Hourly Earnings of Production Employees: Education and Health Services in Illinois
SMU17000006500000008A
Value of Exports to Peru from Illinois
ILPERA052SCEN
Citation
U.S. Federal Reserve, All Employees: Private Service Providing in Illinois (SMS17000000800000001), retrieved from FRED.