All Employees: Durable Goods: Furniture and Related Product Manufacturing in Illinois
SMU17000003133700001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.60
Year-over-Year Change
-4.92%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the furniture and related product manufacturing industry in Illinois. It provides insights into the health and activity 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: Furniture and Related Product Manufacturing in Illinois indicator tracks the total number of people employed in the furniture manufacturing industry across the state. This data point is used by economists and policymakers to assess the overall strength of the state's durable goods production.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in furniture manufacturing employment are monitored for their implications on the broader economy and consumer demand.
Key Facts
- Illinois is a major center for furniture production in the U.S.
- Furniture manufacturing accounts for over 20,000 jobs in the state.
- Employment in this sector has fluctuated with broader economic conditions.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total number of people employed in the furniture and related product manufacturing industry across the state of Illinois.
Q: Why is this trend relevant for users or analysts?
A: Trends in furniture manufacturing employment provide insights into the health and activity of this key durable goods sector, with implications for the broader Illinois economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Furniture manufacturing employment is monitored by economists and policymakers for its impact on consumer demand and the overall strength of the state's durable goods production.
Q: Are there update delays or limitations?
A: The data is subject to periodic revisions and may have a short delay in publication compared to the reference period.
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Citation
U.S. Federal Reserve, All Employees: Durable Goods: Furniture and Related Product Manufacturing in Illinois (SMU17000003133700001A), retrieved from FRED.