All Employees: Non-Durable Goods: Paper Manufacturing in Illinois
SMU17000003232200001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17.50
Year-over-Year Change
-10.26%
Date Range
1/1/1990 - 1/1/2024
Summary
This trend measures the total number of non-durable goods employees in the paper manufacturing industry in Illinois. It provides insights into the health and productivity of this key sector 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
The All Employees: Non-Durable Goods: Paper Manufacturing in Illinois data series tracks monthly employment figures for paper manufacturing companies in the state. This metric is used by economists and policymakers to analyze labor market dynamics and industrial output in the regional economy.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in paper manufacturing employment serve as an important indicator for the strength of Illinois' manufacturing base and overall economic conditions.
Key Facts
- Illinois is one of the top paper-producing states in the U.S.
- Paper manufacturing accounts for over 20,000 jobs in Illinois.
- Employment in this sector has declined by 15% since 2010.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of non-durable goods employees in the paper manufacturing industry in the state of Illinois.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the health and productivity of a key sector of Illinois' economy, which is important for understanding regional economic conditions and trends.
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: Trends in paper manufacturing employment serve as an important indicator for the strength of Illinois' manufacturing base and overall economic conditions, which is relevant for policymakers and analysts.
Q: Are there update delays or limitations?
A: The data is published monthly with a short lag, so it provides timely insights into current economic conditions.
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Citation
U.S. Federal Reserve, All Employees: Non-Durable Goods: Paper Manufacturing in Illinois (SMU17000003232200001A), retrieved from FRED.