All Employees: Administrative and Support and Waste Management and Remediation Services in Illinois
SMU17000006056000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
401.70
Year-over-Year Change
1.23%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total employment in the administrative and support, and waste management and remediation services sector in the state of Illinois. It provides insight into the strength and resilience of these key service industries within 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: Administrative and Support and Waste Management and Remediation Services in Illinois metric tracks the total number of individuals employed in this industry group, which includes activities such as office administration, facilities support, waste collection, and remediation services. This data is used by economists and policymakers to analyze workforce trends and the overall health of Illinois' service-based economy.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is relevant for understanding the state of Illinois' service sector and can inform economic development policies and business investment decisions.
Key Facts
- Illinois is a major hub for administrative and waste management services.
- Employment in this sector has grown steadily over the past decade.
- The industry group accounts for over 300,000 jobs in Illinois.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the administrative and support, and waste management and remediation services sector within the state of Illinois.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the strength and growth of a key service industry within Illinois' economy, which is important for understanding workforce dynamics and economic development.
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 can inform policy decisions related to economic development, workforce training, and business investment in the state of Illinois.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay, and may be subject to revision as more information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Administrative and Support and Waste Management and Remediation Services in Illinois (SMU17000006056000001A), retrieved from FRED.