All Employees: Financial Activities: Finance and Insurance in Illinois
SMS17000005552000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
317.00
Year-over-Year Change
0.60%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures the total number of employees in the financial activities sector, specifically in the finance and insurance industry, within the state of Illinois. It provides insight into the health and growth of this important economic segment.
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: Financial Activities: Finance and Insurance in Illinois series tracks the total number of people employed in the finance and insurance industry in the state of Illinois. This metric is used by economists and policymakers to gauge the strength and performance of Illinois' financial sector.
Methodology
The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely watched by analysts and policymakers to understand the dynamics of Illinois' financial services industry and its broader economic implications.
Key Facts
- Illinois is a major financial hub in the Midwest.
- The finance and insurance industry is a significant contributor to Illinois' GDP.
- Employment in this sector has fluctuated in response to economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the finance and insurance industry within the state of Illinois.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the health and performance of Illinois' financial sector, which is a critical component of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys conducted 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 understand the dynamics of Illinois' financial services industry and its broader economic implications.
Q: Are there update delays or limitations?
A: The data is published monthly by the U.S. Bureau of Labor Statistics, with some potential for short delays in reporting.
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Citation
U.S. Federal Reserve, All Employees: Financial Activities: Finance and Insurance in Illinois (SMS17000005552000001), retrieved from FRED.