All Employees: Manufacturing: Durable Goods: Furniture and Related Product Manufacturing in Illinois
SMU17000003133700001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.50
Year-over-Year Change
-0.86%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the total number of employees in the durable goods manufacturing sector, specifically in the furniture and related product manufacturing industry in Illinois. It provides insight into the strength and dynamics of the state's manufacturing economy.
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: Manufacturing: Durable Goods: Furniture and Related Product Manufacturing in Illinois series tracks the employment levels in this key manufacturing industry within the state. It is a valuable indicator of production capacity, labor market conditions, and economic performance in the furniture and related products sector.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by policymakers, economists, and industry analysts to assess the health and competitiveness of Illinois' manufacturing base.
Key Facts
- Illinois is a major hub for furniture and related product manufacturing.
- This industry employs over 20,000 workers in the state.
- Furniture manufacturing accounts for a significant portion of Illinois' durable goods output.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the furniture and related product manufacturing industry within the state of Illinois.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insight into the strength and performance of a key manufacturing sector in Illinois, which is important for understanding the state's overall economic conditions and competitiveness.
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, economists, and industry analysts closely monitor this trend to assess the health and competitiveness of Illinois' manufacturing base, which informs economic development strategies and policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and potential revisions of the U.S. Bureau of Labor Statistics employment surveys.
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Citation
U.S. Federal Reserve, All Employees: Manufacturing: Durable Goods: Furniture and Related Product Manufacturing in Illinois (SMU17000003133700001), retrieved from FRED.