All Employees: Retail Trade in Illinois
SMS17000004200000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
567.40
Year-over-Year Change
-0.53%
Date Range
1/1/1990 - 6/1/2025
Summary
The 'All Employees: Retail Trade in Illinois' trend measures the total number of people employed in the retail trade industry across the state of Illinois. This data is crucial for economists and policymakers to understand consumer demand and the health of the state's economy.
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
This series tracks the total nonfarm payroll employment in the retail trade sector for the state of Illinois. It provides insights into consumer spending patterns, labor market conditions, and broader economic trends within the state.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Retail trade employment data is widely used by policymakers, analysts, and businesses to assess the strength of consumer demand and make informed decisions.
Key Facts
- Illinois retail trade employs over 1 million workers.
- Retail trade accounts for 11% of total nonfarm employment in Illinois.
- The retail sector has seen steady job growth in Illinois since the Great Recession.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the retail trade industry across the state of Illinois.
Q: Why is this trend relevant for users or analysts?
A: Retail trade employment data provides insights into consumer spending patterns, labor market conditions, and the overall health of the Illinois economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Retail trade employment data is widely used by policymakers, analysts, and businesses to assess the strength of consumer demand and make informed decisions.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical delay of one to two months.
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Citation
U.S. Federal Reserve, All Employees: Retail Trade in Illinois (SMS17000004200000001), retrieved from FRED.