All Employees: Real Estate in Illinois
SMU17000005553100001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
56.20
Year-over-Year Change
11.95%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures total employment in the real estate industry in Illinois. It is an important indicator of economic activity and investment in the state's property market.
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: Real Estate in Illinois trend tracks the total number of individuals employed in the real estate sector across the state. This data point is closely watched by economists, policymakers, and real estate professionals to gauge the health and direction of the local property market.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This trend provides insight into the Illinois real estate industry and can inform policy decisions related to housing, urban development, and economic growth.
Key Facts
- Illinois is the 5th largest real estate market in the U.S.
- The real estate industry employs over 130,000 people in Illinois.
- Real estate accounts for nearly 6% of the state's total employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the real estate industry across the state of Illinois.
Q: Why is this trend relevant for users or analysts?
A: This data point is an important indicator of activity and investment in the Illinois property market, which is closely watched by economists, policymakers, and real estate professionals.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend provides insights into the Illinois real estate industry that can inform policy decisions related to housing, urban development, and economic growth.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, but there may be some delay in publication due to the survey collection process.
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Citation
U.S. Federal Reserve, All Employees: Real Estate in Illinois (SMU17000005553100001A), retrieved from FRED.