All Employees: Non-Durable Goods: Chemical Manufacturing in Illinois
SMU17000003232500001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
48.00
Year-over-Year Change
6.67%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the number of all employees in the chemical manufacturing industry in Illinois. It provides valuable insights into the health and activity of this important sector of the state's 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: Non-Durable Goods: Chemical Manufacturing in Illinois metric tracks the total number of individuals employed in the chemical manufacturing industry across the state. This data point is used by economists and policymakers to analyze workforce trends, production capacity, and economic output in this critical industry.
Methodology
The data is collected through surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in chemical manufacturing employment are closely watched by investors, regulators, and economic development officials to gauge the overall strength of Illinois' industrial base.
Key Facts
- Illinois is a major hub for the U.S. chemical industry.
- Chemical manufacturing accounts for over 50,000 jobs in the state.
- The industry has seen steady growth in employment over the past decade.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of individuals employed in the chemical manufacturing industry across the state of Illinois.
Q: Why is this trend relevant for users or analysts?
A: Trends in chemical manufacturing employment are closely watched by investors, regulators, and economic development officials to gauge the overall strength of Illinois' industrial base.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This data point is used by economists and policymakers to analyze workforce trends, production capacity, and economic output in this critical industry.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag from the reference period.
Related Trends
Real Gross Domestic Product: Private Goods-Producing Industries in Illinois
ILPRIGOODPRORGSP
Administrative and Waste Services Wages and Salaries in Illinois
ILWADM
All Employees: Professional and Business Services: Office Administrative Services in Illinois
SMU17000006056110001
Number of Identified Exporters to Japan from Illinois
ILJPNA475SCEN
Gross Domestic Product: Nondurable Goods Manufacturing (311-316, 322-326) in Illinois
ILNDURMANNQGSP
Real Gross Domestic Product: Natural Resources and Mining (11, 21) in Illinois
ILNATRESMINRGSP
Citation
U.S. Federal Reserve, All Employees: Non-Durable Goods: Chemical Manufacturing in Illinois (SMU17000003232500001A), retrieved from FRED.