All Employees: Professional and Business Services: Professional, Scientific, and Technical Services in Illinois
SMS17000006054000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
444.70
Year-over-Year Change
0.72%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures employment in the professional, scientific, and technical services sector in Illinois. It provides insight into the performance and growth of this key industry within 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
The All Employees: Professional and Business Services: Professional, Scientific, and Technical Services in Illinois series tracks the number of people employed in fields such as legal services, accounting, engineering, and computer systems design. This data is used by economists and policymakers to analyze workforce trends and economic activity in Illinois.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is relevant for understanding the strength and competitiveness of Illinois' professional services sector, which is important for the state's economic development and policy planning.
Key Facts
- Illinois' professional services sector employs over 600,000 people.
- This industry accounts for nearly 10% of total employment in the state.
- Employment in professional services has grown by over 15% in the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of people employed in the professional, scientific, and technical services sector in Illinois, including fields such as legal services, accounting, engineering, and computer systems design.
Q: Why is this trend relevant for users or analysts?
A: This employment data provides insight into the performance and growth of a key industry within Illinois' economy, which is important for understanding economic activity, workforce trends, and policy planning.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This employment trend is relevant for understanding the strength and competitiveness of Illinois' professional services sector, which is important for the state's economic development and policy planning.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, All Employees: Professional and Business Services: Professional, Scientific, and Technical Services in Illinois (SMS17000006054000001), retrieved from FRED.