All Employees: Support Activities for Transportation in Illinois
SMU17000004348800001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
49.60
Year-over-Year Change
14.81%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in support activities for transportation in the state of Illinois. It provides insight into the strength and activity of the transportation support industry 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: Support Activities for Transportation in Illinois series tracks the total employment levels in industries that provide support services for the broader transportation sector, such as cargo handling, storage, and logistics operations. This data point is used by economists and policymakers to assess the health and growth of Illinois' transportation infrastructure and logistics.
Methodology
The data is collected through surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is relevant for understanding Illinois' economic competitiveness and the state's role as a transportation hub.
Key Facts
- Illinois is a major transportation hub in the Midwest.
- Transportation support jobs account for over 100,000 workers in Illinois.
- Employment in this sector has grown steadily over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in support activities for the transportation industry in the state of Illinois.
Q: Why is this trend relevant for users or analysts?
A: This data point provides insight into the strength and growth of Illinois' transportation infrastructure and logistics sector, which is a critical component of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses conducted 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 assess Illinois' economic competitiveness and the state's role as a transportation hub.
Q: Are there update delays or limitations?
A: This data is published monthly with a typical 1-2 month delay from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Support Activities for Transportation in Illinois (SMU17000004348800001A), retrieved from FRED.