All Employees: Private Service Providing in Illinois
SMU17000000800000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,528.90
Year-over-Year Change
0.43%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the total number of private sector employees in service industries in the state of Illinois. It provides important insights into the health and composition of the state's labor market.
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: Private Service Providing in Illinois series tracks the number of individuals employed in the private service sector within the state. This metric is closely watched by economists and policymakers to gauge overall economic activity and employment trends.
Methodology
The data is collected through surveys of private establishments conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is frequently used to inform economic policy decisions and business investment strategies in Illinois.
Key Facts
- Illinois has the 5th largest service sector employment in the U.S.
- Private service jobs account for over 70% of total employment in Illinois.
- The service sector has been the primary driver of job growth in Illinois in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of private sector employees working in service industries within the state of Illinois.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the health and composition of Illinois' labor market, which is crucial for economic policymaking and business planning.
Q: How is this data collected or calculated?
A: The data is collected through surveys of private establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is frequently used by economists and policymakers to inform economic policy decisions and business investment strategies in Illinois.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical lag of 1-2 months from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Private Service Providing in Illinois (SMU17000000800000001), retrieved from FRED.