All Employees: Air Transportation in Illinois
SMU17000004348100001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
39.10
Year-over-Year Change
12.68%
Date Range
1/1/1990 - 1/1/2024
Summary
This trend tracks total employment in the air transportation industry in Illinois. It provides insights into the economic health and labor demand of this critical sector.
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: Air Transportation in Illinois series measures the total number of people employed in the air transportation industry across the state. This metric is used by economists and policymakers to monitor workforce trends and understand the economic performance of this key industry.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Air transportation employment is a leading indicator of both business and consumer demand for air travel and logistics services.
Key Facts
- Illinois is a major hub for air transportation in the U.S.
- Air transportation employs over 50,000 people in Illinois.
- Employment in this sector has fluctuated due to changes in travel demand.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the air transportation industry across the state of Illinois.
Q: Why is this trend relevant for users or analysts?
A: Air transportation employment is a key indicator of economic activity and labor demand in this critical industry.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to monitor the health of the air transportation sector and inform decisions around infrastructure, regulation, and economic development.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, All Employees: Air Transportation in Illinois (SMU17000004348100001A), retrieved from FRED.