Average Weekly Earnings of All Employees: Other Services in Illinois
SMU17000008000000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,319.54
Year-over-Year Change
5.08%
Date Range
1/1/2007 - 7/1/2025
Summary
The Average Weekly Earnings of All Employees: Other Services in Illinois tracks the average weekly earnings for workers in the other services sector in the state of Illinois. This metric provides insight into the economic conditions and labor market trends in this industry.
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 other services sector encompasses a diverse range of businesses, including repair and maintenance, personal and laundry services, and religious, civic, and professional organizations. Tracking the average weekly earnings in this sector helps economists and policymakers understand the income and spending patterns of these workers, which can inform economic policy decisions.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is useful for analyzing the overall health of the Illinois economy and the financial well-being of workers in the other services sector.
Key Facts
- The other services sector accounts for approximately 4% of total employment in Illinois.
- Average weekly earnings in the other services sector in Illinois have increased by 12% over the past 5 years.
- The other services sector includes a wide range of businesses, from automotive repair to personal care services.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of all employees in the other services sector in the state of Illinois.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the income and spending patterns of workers in the diverse other services sector, which can inform economic policy decisions and analysis of the overall health of the Illinois economy.
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: This trend is used by economists and policymakers to analyze the financial well-being and spending patterns of workers in the other services sector, which can inform decisions related to economic policies and programs.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Other Services in Illinois (SMU17000008000000011), retrieved from FRED.