All Employees: Durable Goods: Primary Metal Manufacturing in Illinois
This dataset tracks all employees: durable goods: primary metal manufacturing in illinois over time.
Latest Value
17.40
Year-over-Year Change
-12.12%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Durable Goods: Primary Metal Manufacturing in Illinois' trend measures the number of employees in the primary metal manufacturing industry within the state of Illinois. This data is closely watched by economists and policymakers to gauge the strength of Illinois' industrial 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 total employment in the durable goods manufacturing subsector of primary metal production in Illinois. It provides insight into the health and activity levels of this key industrial segment within the state's economy.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' monthly Current Employment Statistics survey.
Historical Context
Trends in primary metal manufacturing employment are used to inform economic policy decisions and provide context for business and consumer confidence in Illinois.
Key Facts
- Illinois is a major hub for primary metal production in the U.S.
- The primary metal industry is a significant contributor to the state's GDP.
- Employment in this sector can signal broader economic conditions in Illinois.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the primary metal manufacturing industry within the state of Illinois.
Q: Why is this trend relevant for users or analysts?
A: Employment in primary metal manufacturing is an important indicator of the strength and activity levels of Illinois' industrial base, which is closely watched by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' monthly Current Employment Statistics survey.
Q: How is this trend used in economic policy?
A: Trends in primary metal manufacturing employment in Illinois are used to inform economic policy decisions and provide context for business and consumer confidence in the state.
Q: Are there update delays or limitations?
A: This data is published monthly by the U.S. Federal Reserve with typical delays of 1-2 months.
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Citation
U.S. Federal Reserve, All Employees: Durable Goods: Primary Metal Manufacturing in Illinois (SMU17000003133100001A), retrieved from FRED.