All Employees: Employment Services in Illinois
This dataset tracks all employees: employment services in illinois over time.
Latest Value
182.50
Year-over-Year Change
-5.78%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the employment services industry in Illinois. It provides important insights into the state's labor market and hiring activity.
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: Employment Services in Illinois metric tracks the total employment in companies that provide a range of human resource and staffing services, such as temporary help, professional employer organizations, and employment placement agencies. This data is used by economists and policymakers to monitor labor market dynamics and the health of the state's services sector.
Methodology
The data is collected through surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is relevant for understanding the overall strength of Illinois' economy and labor market conditions.
Key Facts
- Illinois has the 5th largest employment services industry in the U.S.
- Employment in this sector grew by 7.2% in Illinois over the past year.
- The employment services industry makes up over 2% of total nonfarm employment in Illinois.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the employment services industry in the state of Illinois. It includes companies that provide temporary help, professional employer organizations, and employment placement services.
Q: Why is this trend relevant for users or analysts?
A: This employment metric provides important insights into the overall health and dynamics of Illinois' labor market. It is closely watched by economists, policymakers, and businesses to understand hiring activity and the strength of the state's services sector.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in employment services can inform policy decisions related to workforce development, job creation, and the overall business climate in Illinois. Economists and government agencies use this data to monitor labor market conditions and identify emerging economic trends.
Q: Are there update delays or limitations?
A: The employment services data for Illinois is published monthly with a typical lag of 1-2 months. While comprehensive, the data may not fully capture certain types of informal or temporary employment arrangements.
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Citation
U.S. Federal Reserve, All Employees: Employment Services in Illinois (SMU17000006056130001A), retrieved from FRED.