All Employees: Durable Goods: Nonmetallic Mineral Product Manufacturing in Illinois
SMU17000003132700001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.90
Year-over-Year Change
0.78%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the durable goods, nonmetallic mineral product manufacturing industry in the state of Illinois. It provides important insights into the health and productivity of this key manufacturing 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: Durable Goods: Nonmetallic Mineral Product Manufacturing in Illinois metric tracks monthly changes in the total employment levels within this industrial subsector. Economists and policymakers analyze this data to understand labor market dynamics and gauge the broader economic conditions impacting Illinois manufacturers.
Methodology
The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely watched by analysts to assess the output and competitiveness of Illinois' durable goods producers.
Key Facts
- Illinois is a major producer of durable nonmetallic mineral products.
- Employment in this sector has fluctuated with broader economic conditions.
- Nonmetallic mineral manufacturing supports many downstream industries.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of employees in the durable goods, nonmetallic mineral product manufacturing industry within the state of Illinois.
Q: Why is this trend relevant for users or analysts?
A: This employment data provides important insights into the health and productivity of a key manufacturing sector, which is crucial for understanding broader economic conditions in Illinois.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this employment trend to assess the output and competitiveness of Illinois' durable goods producers.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, All Employees: Durable Goods: Nonmetallic Mineral Product Manufacturing in Illinois (SMU17000003132700001A), retrieved from FRED.