All Employees: Durable Goods: Household Appliance Manufacturing in Illinois
SMU17000003133520001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.40
Year-over-Year Change
-11.11%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the household appliance manufacturing industry in Illinois. It is an important indicator of the state's manufacturing activity and consumer demand.
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: Household Appliance Manufacturing in Illinois series tracks the total number of workers employed in the production of household appliances, such as refrigerators, washing machines, and ovens, within the state of Illinois. This metric provides insight into the health and output of Illinois' durable goods manufacturing sector.
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 trend to assess the strength of Illinois' manufacturing industry and consumer spending patterns.
Key Facts
- Illinois is a major hub for household appliance manufacturing in the U.S.
- Employment in this industry has fluctuated with economic cycles.
- Trends in this data can signal changes in consumer demand and confidence.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the household appliance manufacturing industry within the state of Illinois.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the strength of Illinois' durable goods manufacturing sector and consumer spending patterns, which are important for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments 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 health of Illinois' manufacturing industry and consumer demand, which can inform economic policies and investment decisions.
Q: Are there update delays or limitations?
A: There may be delays in data reporting and potential limitations in coverage or sampling, as with any survey-based economic indicator.
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Citation
U.S. Federal Reserve, All Employees: Durable Goods: Household Appliance Manufacturing in Illinois (SMU17000003133520001A), retrieved from FRED.