All Employees: Retail Trade: Motor Vehicle and Parts Dealers in Illinois
SMU17000004244100001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
72.52
Year-over-Year Change
2.16%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the total number of employees in the retail trade motor vehicle and parts dealers industry in Illinois. It provides insights into the state's automotive sales and service sector, which is an important driver of the local 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: Retail Trade: Motor Vehicle and Parts Dealers in Illinois series tracks the number of workers employed in this key industry within the state. It is a valuable indicator of consumer demand, business investment, and broader economic conditions in the region.
Methodology
The data is collected through monthly surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by policymakers, industry analysts, and economists to assess the health of Illinois' automotive retail market and its contribution to overall economic performance.
Key Facts
- Illinois has over 1,200 motor vehicle and parts dealers.
- The automotive retail sector employs more than 100,000 workers in the state.
- Motor vehicle sales and service account for 20% of Illinois' total retail trade activity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the retail trade motor vehicle and parts dealers industry within the state of Illinois.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the health and performance of Illinois' automotive retail sector, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, industry analysts, and economists to assess the state of Illinois' automotive retail market and its contribution to overall economic performance.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical delay of several weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, All Employees: Retail Trade: Motor Vehicle and Parts Dealers in Illinois (SMU17000004244100001SA), retrieved from FRED.