All Employees: Professional and Business Services: Other Professional, Scientific, and Technical Services in Illinois
SMU17000006054190001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
36.85
Year-over-Year Change
-0.77%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures employment in the other professional, scientific, and technical services industry in Illinois. It is an important indicator of labor market conditions and business activity in the state's knowledge-based sectors.
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: Other Professional, Scientific, and Technical Services in Illinois metric tracks the number of people employed in a range of specialized professional services, including legal, accounting, consulting, and R&D. This data provides insights into the health and composition of Illinois' knowledge 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 employment trend is closely monitored by policymakers, economists, and businesses to assess the state's economic performance and competitiveness.
Key Facts
- Illinois has over 250,000 employees in the other professional, scientific, and technical services industry.
- This sector accounts for nearly 10% of total employment in the state.
- Employment in this industry has grown by over 20% in Illinois since 2010.
FAQs
Q: What does this economic trend measure?
A: This trend measures employment in the other professional, scientific, and technical services industry in Illinois, which includes a range of specialized knowledge-based occupations.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the health and competitiveness of Illinois' knowledge economy, which is a key driver of economic growth and innovation in the state.
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: Policymakers, economists, and businesses closely monitor this employment trend to assess the state's economic performance and competitiveness.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical one-month lag.
Related Trends
Personal Consumption Expenditures: Goods: Durable Goods for Illinois
ILPCEDURG
All Employees: Wholesale Trade: Merchant Wholesalers, Nondurable Goods in Illinois
SMU17000004142400001SA
Real Gross Domestic Product: Trade (42, 44-45) in Illinois
ILTRADERGSP
All Employees: Employment Services in Illinois
SMU17000006056130001A
Transportation Carbon Dioxide Emissions, Petroleum for Illinois
EMISSCO2TOTVTCPEILA
Average Weekly Earnings of All Employees: Goods Producing in Illinois
SMU17000000600000011A
Citation
U.S. Federal Reserve, All Employees: Professional and Business Services: Other Professional, Scientific, and Technical Services in Illinois (SMU17000006054190001SA), retrieved from FRED.