Average Hourly Earnings of All Employees: Information in Illinois
SMU17000005000000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
48.17
Year-over-Year Change
5.98%
Date Range
1/1/2007 - 7/1/2025
Summary
The Average Hourly Earnings of All Employees: Information in Illinois metric tracks the average hourly wage for workers in the information industry in Illinois. This key labor market indicator provides insight into broader economic trends and wage growth 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
This series measures the average hourly earnings of all employees in the information industry within the state of Illinois. It is an important economic indicator used by policymakers and analysts to assess labor market conditions and wage dynamics in the technology and media sectors of the state's economy.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely watched by economists and policymakers to gauge the strength of the information industry and broader economic health in Illinois.
Key Facts
- Illinois is a major hub for the information and technology sectors.
- Wages in the information industry tend to be higher than the statewide average.
- This metric is a leading indicator of economic conditions in Illinois.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the average hourly wage for employees in the information industry within the state of Illinois.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides valuable insight into labor market conditions and wage growth in Illinois' technology and media sectors, which are important drivers of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this metric to assess the strength of the information industry and broader economic health in Illinois.
Q: Are there update delays or limitations?
A: The data is subject to revision and may have a short publication delay, but it provides a timely and reliable snapshot of wage trends in Illinois' information sector.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees: Information in Illinois (SMU17000005000000003), retrieved from FRED.