All Employees: Financial Activities in Illinois
SMU17000005500000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
394.70
Year-over-Year Change
5.03%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Financial Activities in Illinois' trend measures the total number of employees in the financial activities sector within the state of Illinois. This statistic is important for economists and policymakers to understand the health and growth of Illinois' financial industry.
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 economic indicator tracks the total employment in financial services, insurance, real estate, rental, and leasing businesses located in Illinois. It provides insight into the scale and performance of Illinois' financial sector, which is a key component of the state's overall economy.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in financial activities employment are monitored by economists, investors, and policymakers to assess the economic conditions and outlook for Illinois.
Key Facts
- Illinois is a major financial center in the Midwest United States.
- The financial activities sector accounts for over 6% of Illinois' total employment.
- Financial services jobs tend to have higher-than-average wages.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the financial activities sector, including finance, insurance, real estate, and related industries, within the state of Illinois.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the performance and growth of Illinois' financial industry, which is a critical component of the state's economy. It is monitored by economists, investors, and policymakers to assess economic conditions and outlook.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in financial activities employment are used by economists, government agencies, and policymakers to evaluate the overall health and growth of Illinois' economy, as the financial sector is a key driver of economic activity and employment.
Q: Are there update delays or limitations?
A: The data is published monthly by the U.S. Bureau of Labor Statistics, with a typical 1-2 month delay. There may be revisions to previous months' data as more complete information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Financial Activities in Illinois (SMU17000005500000001A), retrieved from FRED.