Civilian Labor Force for Illinois
CIVLFIL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,476,300.00
Year-over-Year Change
3.90%
Date Range
10/1/2003 - 7/1/2024
Summary
The Civilian Labor Force for Illinois measures the total number of people employed or actively seeking work in the state. It's a key indicator of the health and size of the state's workforce.
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 Civilian Labor Force represents the total civilian noninstitutional population 16 years and older that is either employed or unemployed but actively seeking work. This metric is widely used by economists and policymakers to assess labor market trends and the overall strength of the state's economy.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Tracking changes in the Civilian Labor Force helps inform state-level economic and workforce policies.
Key Facts
- Illinois's civilian labor force was over 6.4 million as of 2022.
- The labor force participation rate in Illinois was 64.5% in 2022.
- Illinois's civilian labor force has grown by over 200,000 since 2018.
FAQs
Q: What does this economic trend measure?
A: The Civilian Labor Force for Illinois measures the total number of people 16 and older who are either employed or actively seeking work in the state.
Q: Why is this trend relevant for users or analysts?
A: The civilian labor force is a key indicator of the health and size of a state's workforce, which is critical for assessing economic conditions and guiding policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Tracking changes in the Civilian Labor Force helps inform state-level economic and workforce policies, such as employment programs, skills training, and economic development initiatives.
Q: Are there update delays or limitations?
A: The Civilian Labor Force data for Illinois is published monthly with a brief lag, providing timely insights into labor market trends.
Related Trends
Average Weekly Hours of Production Employees: Manufacturing: Non-Durable Goods: Food Manufacturing in Illinois
SMU17000003231100007
Real Gross Domestic Product: Paper Manufacturing (322) in Illinois
ILPAPMANRGSP
Information Wages and Salaries in Illinois
ILWINF
Total Personal Income in Illinois
ILOTOT
90% Confidence Interval Upper Bound of Estimate of Percent of Related Children Age 5-17 in Families in Poverty for Illinois
PPCIUB5T17IL17000A156NCEN
Transportation Carbon Dioxide Emissions, Petroleum for Illinois
EMISSCO2TOTVTCPEILA
Citation
U.S. Federal Reserve, Civilian Labor Force for Illinois (CIVLFIL), retrieved from FRED.