All Employees: Construction: Construction of Buildings in Illinois
SMU17000002023600001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
50.60
Year-over-Year Change
32.46%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Construction: Construction of Buildings in Illinois' series measures the total number of workers employed in the construction of buildings in the state of Illinois. This metric is a key indicator of economic activity and investment in the construction 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 series tracks employment in the construction of residential, commercial, and other buildings within Illinois. It provides insights into the health and growth of the state's construction industry, which is an important driver of local economic development and infrastructure investment.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to gauge the strength of Illinois' construction and real estate markets.
Key Facts
- Illinois has the 5th largest construction workforce in the U.S.
- Construction accounts for over 200,000 jobs in Illinois
- Building construction employment in Illinois has grown by 15% since 2015
FAQs
Q: What does this economic trend measure?
A: This series tracks the total number of people employed in the construction of residential, commercial, and other buildings within the state of Illinois.
Q: Why is this trend relevant for users or analysts?
A: The construction industry is a key driver of economic activity and investment, so this metric provides important insights into the health and growth of Illinois' real estate and infrastructure sectors.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to gauge the strength of Illinois' construction and real estate markets, which informs decision-making around economic development, infrastructure investment, and other policy areas.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of 1-2 months.
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Citation
U.S. Federal Reserve, All Employees: Construction: Construction of Buildings in Illinois (SMU17000002023600001A), retrieved from FRED.