Average Weekly Earnings of All Employees: Trade, Transportation, and Utilities in Illinois
SMU17000004000000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,015.38
Year-over-Year Change
3.96%
Date Range
1/1/2007 - 7/1/2025
Summary
This economic trend measures the average weekly earnings of all employees in the trade, transportation, and utilities sector in Illinois. It provides insights into the income levels and purchasing power of a key segment of the state's workforce.
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 Average Weekly Earnings of All Employees: Trade, Transportation, and Utilities in Illinois is an important economic indicator that tracks the average nominal weekly wages earned by workers in this industry group across the state. It is used by economists and policymakers to analyze labor market trends and assess the financial well-being of Illinois households.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by government agencies, businesses, and financial analysts to understand the state of the Illinois economy and inform economic policy decisions.
Key Facts
- The trade, transportation, and utilities sector employs over 1.2 million workers in Illinois.
- Average weekly earnings in this sector have increased by 15% over the past decade.
- The earnings trend is considered a leading indicator of consumer spending and overall economic activity in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of all employees working in the trade, transportation, and utilities sector in the state of Illinois.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the income levels and purchasing power of a key segment of the Illinois workforce, which is valuable for understanding consumer spending patterns and overall economic conditions in the state.
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: Government agencies, businesses, and financial analysts closely monitor this trend to understand the state of the Illinois economy and inform economic policy decisions, such as those related to taxation, spending, and workforce development.
Q: Are there update delays or limitations?
A: The data is typically released with a one-month delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Trade, Transportation, and Utilities in Illinois (SMU17000004000000011), retrieved from FRED.