All Employees: Personal and Laundry Services in Illinois
SMU17000008081200001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
60.30
Year-over-Year Change
9.04%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the personal and laundry services industry in Illinois. It serves as an important indicator of activity and employment in this 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: Personal and Laundry Services in Illinois series tracks the total number of people employed in businesses providing personal care services, dry cleaning and laundry services, and other similar services within the state of Illinois. This data provides insights into the health and trends of this specific industry and service segment.
Methodology
The data is collected through establishment surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This employment metric is useful for economists and policymakers to monitor the personal services industry and its contribution to the overall Illinois economy.
Key Facts
- Illinois has over 190,000 personal and laundry services employees.
- This industry accounts for 3.5% of total nonfarm employment 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 trend measures the total number of employees in the personal and laundry services industry in the state of Illinois.
Q: Why is this trend relevant for users or analysts?
A: This employment metric provides insights into the health and activity of the personal services industry, which is an important component of the Illinois economy.
Q: How is this data collected or calculated?
A: The data is collected through establishment surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this data to monitor the personal services industry and its contribution to the overall Illinois economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release delay of 1-2 months.
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Citation
U.S. Federal Reserve, All Employees: Personal and Laundry Services in Illinois (SMU17000008081200001A), retrieved from FRED.