All Employees: Administrative and Support Services in Illinois
SMU17000006056100001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
385.40
Year-over-Year Change
0.86%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Administrative and Support Services in Illinois' series measures the number of people employed in the administrative and support services industry within the state of Illinois. This metric is a key indicator of economic activity and labor market conditions in the state.
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
This data series tracks total employment in a specific sector of the Illinois economy, providing insight into the strength and trends of the administrative and support services industry. Economists and policymakers monitor this data to assess the broader health of the state's service-providing industries.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment metric can help inform economic and workforce development policies in Illinois.
Key Facts
- Illinois has over 6 million employees across all sectors.
- The administrative and support services industry accounts for over 400,000 jobs in Illinois.
- Employment in this sector has grown by 8% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total number of people employed in the administrative and support services industry within the state of Illinois.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the strength and performance of a key service-providing sector in the Illinois economy, which is important for assessing overall economic conditions and labor market trends in the state.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This employment data can help inform economic and workforce development policies in Illinois, as the administrative and support services industry is a significant employer in the state.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag, and may be subject to revisions as additional information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Administrative and Support Services in Illinois (SMU17000006056100001A), retrieved from FRED.