Wholesale Trade Earnings in Illinois
ILEWHO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
42,782,981.00
Year-over-Year Change
10.40%
Date Range
1/1/1998 - 1/1/2025
Summary
The Wholesale Trade Earnings in Illinois indicator measures the average weekly earnings of workers in the wholesale trade industry in the state of Illinois. This metric provides insight into the economic health and labor market conditions of the wholesale 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 Wholesale Trade Earnings in Illinois series tracks the average weekly earnings of employees in the wholesale trade industry, which includes businesses that sell goods in large quantities to retailers, industrial, commercial, institutional, or other professional business users. This data is a key indicator of economic activity and labor market trends in the wholesale sector.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Wholesale trade earnings are monitored by economists and policymakers to assess overall economic conditions and the strength of the business-to-business marketplace.
Key Facts
- Illinois is the 6th largest state economy in the U.S.
- Wholesale trade accounts for over 4% of Illinois' GDP.
- Average weekly earnings in Illinois wholesale trade exceed the national average.
FAQs
Q: What does this economic trend measure?
A: The Wholesale Trade Earnings in Illinois indicator measures the average weekly earnings of workers employed in the wholesale trade industry within the state of Illinois.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the economic health and labor market conditions of the wholesale sector, which is an important component of Illinois' overall economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Wholesale trade earnings are monitored by economists and policymakers to assess overall economic conditions and the strength of the business-to-business marketplace.
Q: Are there update delays or limitations?
A: The Wholesale Trade Earnings in Illinois data is released on a monthly basis with minimal delays.
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Citation
U.S. Federal Reserve, Wholesale Trade Earnings in Illinois (ILEWHO), retrieved from FRED.