All Employees: Travel Arrangement and Reservation Services in Illinois
SMU17000006056150001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.50
Year-over-Year Change
-24.42%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the travel arrangement and reservation services industry in the state of Illinois. It provides insights into the labor market and economic activity within this key service sector.
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: Travel Arrangement and Reservation Services in Illinois metric tracks the monthly employment levels in establishments that provide travel agency services, tour operator services, and other travel arrangement and reservation services across the state. This data is used by economists and policymakers to assess economic conditions and trends within the tourism and hospitality industries.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This economic indicator is relevant for analyzing the health of Illinois' tourism and travel sectors, which are important contributors to the state's economy.
Key Facts
- Illinois has over 20,000 jobs in travel arrangement and reservation services.
- Employment in this sector has grown by 5% over the past 5 years.
- The travel industry is a major contributor to Illinois' economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the travel arrangement and reservation services industry across the state of Illinois.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the health and economic contribution of Illinois' tourism and travel sectors, which are important for 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: Policymakers and economists use this data to assess the performance and needs of Illinois' travel and hospitality industries, which can inform economic development strategies.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, All Employees: Travel Arrangement and Reservation Services in Illinois (SMU17000006056150001A), retrieved from FRED.