Other Services (except Public Administration) Earnings in Illinois
ILEOTH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23,552,533.00
Year-over-Year Change
14.25%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Other Services (except Public Administration) Earnings in Illinois' trend measures average weekly earnings in the other services sector, excluding public administration, for the state of Illinois. This data is important for economists and policymakers to understand the economic health and wage dynamics of this key industry segment.
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 in Illinois includes industries such as repair and maintenance, personal and laundry services, and religious, civic, and professional organizations. Tracking earnings in this sector provides insight into the broader service-based economy beyond just major industries.
Methodology
The data is collected through the Quarterly Census of Employment and Wages program by the U.S. Bureau of Labor Statistics.
Historical Context
Monitoring changes in other services earnings helps inform fiscal and monetary policy decisions.
Key Facts
- Other services account for over 4% of total employment in Illinois.
- Earnings in this sector have grown by 20% over the past 5 years.
- The other services industry is more labor-intensive than manufacturing.
FAQs
Q: What does this economic trend measure?
A: The 'Other Services (except Public Administration) Earnings in Illinois' trend measures average weekly earnings for workers in the other services sector, excluding public administration, within the state of Illinois.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insight into the economic health and wage dynamics of a key service-based industry segment in Illinois, helping to inform policy decisions and market analysis.
Q: How is this data collected or calculated?
A: The data is collected through the Quarterly Census of Employment and Wages program by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Monitoring changes in other services earnings in Illinois helps inform fiscal and monetary policy decisions by providing a gauge of economic activity and labor market conditions in this important service sector.
Q: Are there update delays or limitations?
A: The data is published quarterly, with a typical 3-month lag between the reference period and the release date.
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Citation
U.S. Federal Reserve, Other Services (except Public Administration) Earnings in Illinois (ILEOTH), retrieved from FRED.