All Employees: Durable Goods: Fabricated Metal Product Manufacturing in Illinois
SMU17000003133200001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
84.90
Year-over-Year Change
-10.25%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend tracks the number of all employees in the fabricated metal product manufacturing industry in Illinois. It serves as an important indicator of manufacturing activity and economic conditions 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: Durable Goods: Fabricated Metal Product Manufacturing in Illinois series measures the total number of workers employed in the fabricated metal product manufacturing sector within the state of Illinois. This data provides insight into the health and productivity of a key component of the state's manufacturing industry.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely watched by economists, policymakers, and market analysts to assess Illinois' industrial output and broader economic performance.
Key Facts
- Illinois is a major hub for fabricated metal product manufacturing.
- Employment in this sector has fluctuated with economic cycles.
- The data is released monthly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the fabricated metal product manufacturing industry within the state of Illinois.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into the health and productivity of a key manufacturing sector in Illinois, which is a critical indicator of the state's overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and market analysts closely monitor this trend to assess manufacturing activity, employment levels, and broader economic conditions in Illinois.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with minimal delay, providing timely information on the fabricated metal product manufacturing sector in Illinois.
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Citation
U.S. Federal Reserve, All Employees: Durable Goods: Fabricated Metal Product Manufacturing in Illinois (SMU17000003133200001A), retrieved from FRED.