All Employees: Professional and Business Services: Management, Scientific, and Technical Consulting Services in Illinois
SMU17000006054160001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
96.11
Year-over-Year Change
-1.80%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures employment in the management, scientific, and technical consulting services industry in Illinois. It provides insights into the labor market for professional and business services, a key 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: Professional and Business Services: Management, Scientific, and Technical Consulting Services in Illinois indicator tracks the number of people employed in consulting services related to management, science, and technology. This metric helps economists and policymakers understand the strength and dynamics of the professional services industry in the state.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is used to inform economic policy decisions and monitor market conditions for the professional services sector.
Key Facts
- Illinois is a major hub for professional and business services.
- Consulting services account for a significant portion of this industry.
- Employment in this sector is an indicator of broader economic trends.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of people employed in management, scientific, and technical consulting services in the state of Illinois.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the strength and dynamics of the professional services industry in Illinois, which is an important sector 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 trend is used to inform economic policy decisions and monitor market conditions for the professional services sector.
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: Professional and Business Services: Management, Scientific, and Technical Consulting Services in Illinois (SMU17000006054160001SA), retrieved from FRED.