All Employees: Financial Activities: Credit Intermediation and Related Activities including Monetary Authorities - Central Bank in Illinois
SMU17000005552200001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
114.30
Year-over-Year Change
-10.42%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the number of all employees in the financial activities sector specifically focused on credit intermediation and related activities, including the monetary authorities and central bank, within Illinois.
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: Financial Activities: Credit Intermediation and Related Activities including Monetary Authorities - Central Bank in Illinois metric tracks employment levels in this key component of the financial industry. It provides insights into the economic health and labor market conditions of the credit and banking sectors in the state.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely monitored by policymakers, analysts, and market participants to gauge the strength of Illinois' financial industry.
Key Facts
- Illinois has over 200,000 employees in the credit intermediation and related activities sector.
- Employment in this sector accounts for about 3% of total nonfarm jobs in Illinois.
- The financial activities industry is a key driver of the Illinois economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of all employees in the financial activities sector focused on credit intermediation and related activities, including the monetary authorities and central bank, within the state of Illinois.
Q: Why is this trend relevant for users or analysts?
A: This employment trend provides important insights into the health and labor market conditions of the credit and banking sectors in Illinois, which are critical components of the state's economy.
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: This employment trend is closely monitored by policymakers, analysts, and market participants to gauge the strength of Illinois' financial industry and inform economic decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, All Employees: Financial Activities: Credit Intermediation and Related Activities including Monetary Authorities - Central Bank in Illinois (SMU17000005552200001A), retrieved from FRED.