All Employees: Mining, Logging, and Construction in Illinois
SMU17000001500000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
242.70
Year-over-Year Change
21.65%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the mining, logging, and construction industries in the state of Illinois. It is an important indicator of economic activity and labor market conditions in the state.
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: Mining, Logging, and Construction in Illinois series tracks the number of people employed in these key industries within the state. It provides insight into the strength and growth of the state's extractive and construction sectors, which are crucial components of the overall economy.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely monitored by policymakers, analysts, and businesses to gauge the health of Illinois' industrial and construction sectors.
Key Facts
- Illinois is a major hub for mining, logging, and construction activities.
- Employment in these sectors can signal broader economic trends in the state.
- The data is released monthly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the mining, logging, and construction industries in the state of Illinois.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the strength and growth of key industrial and construction sectors in Illinois, which are vital components of the state's 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: Policymakers, analysts, and businesses closely monitor this employment trend to gauge the health of Illinois' industrial and construction sectors, which informs economic and policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly by the U.S. Bureau of Labor Statistics, with minimal delay.
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Citation
U.S. Federal Reserve, All Employees: Mining, Logging, and Construction in Illinois (SMU17000001500000001A), retrieved from FRED.