All Employees: Construction: Specialty Trade Contractors in Illinois
SMU17000002023800001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
166.70
Year-over-Year Change
1.15%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures employment in the specialty trade contractors industry in Illinois. It provides insights into the construction sector and broader economic activity in the state.
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: Construction: Specialty Trade Contractors in Illinois data series tracks the number of people employed in specialty trade contracting roles, such as electrical, plumbing, and HVAC work, across the state. This metric is an important indicator of construction industry health and broader economic conditions.
Methodology
This data is collected through monthly surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to assess the state of Illinois' construction sector and make informed decisions.
Key Facts
- Illinois has over 100,000 specialty trade contractor employees.
- Construction is a major industry in Illinois, contributing over $20 billion annually.
- Specialty trade contractors make up about 65% of Illinois' construction workforce.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of people employed in specialty trade contracting roles, such as electrical, plumbing, and HVAC work, across the state of Illinois.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the health of Illinois' construction sector and broader economic conditions in the state, making it a key indicator for policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses 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 state of Illinois' construction industry and make informed decisions about economic policy and investment.
Q: Are there update delays or limitations?
A: The data is released monthly, with a typical delay of around one month between the reference period and the release date.
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Citation
U.S. Federal Reserve, All Employees: Construction: Specialty Trade Contractors in Illinois (SMU17000002023800001), retrieved from FRED.