All Employees: Warehousing and Storage in Illinois
SMU17000004349300001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
78.60
Year-over-Year Change
133.93%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Warehousing and Storage in Illinois' trend measures employment in the warehousing and storage industry within the state of Illinois. This metric is important for understanding economic activity and labor market conditions in a key logistics and distribution 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
This trend represents the total number of people employed in warehousing and storage businesses located in Illinois. It is a key indicator of the strength and growth of the logistics and distribution industry in the state, which plays a vital role in the broader economy.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to assess the health of Illinois' transportation and logistics sectors.
Key Facts
- Illinois is a major transportation and logistics hub in the Midwest.
- Warehousing and storage accounts for over 100,000 jobs in Illinois.
- Employment in this sector has grown steadily in recent years.
FAQs
Q: What does this economic trend measure?
A: The 'All Employees: Warehousing and Storage in Illinois' trend measures the total number of people employed in the warehousing and storage industry within the state of Illinois.
Q: Why is this trend relevant for users or analysts?
A: This trend is an important indicator of the health and growth of the logistics and distribution sector in Illinois, which is a critical part of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the performance of Illinois' transportation and logistics sectors, which are important for the state's economic development and competitiveness.
Q: Are there update delays or limitations?
A: The data is published monthly with a short delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Warehousing and Storage in Illinois (SMU17000004349300001A), retrieved from FRED.