All Employees: Rental and Leasing Services in Illinois
SMU17000005553200001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22.90
Year-over-Year Change
8.02%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend tracks the total number of employees in the rental and leasing services industry in Illinois. It provides insight into the health and activity of this important sector within the state's 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: Rental and Leasing Services in Illinois indicator measures the total number of individuals employed in businesses that provide rental and leasing services, such as vehicle, equipment, and consumer goods rentals. This data is used by economists and policymakers to assess economic conditions and trends within Illinois.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in rental and leasing services employment offer valuable insights into consumer demand, business investment, and overall economic activity.
Key Facts
- Illinois has over 8,000 rental and leasing services establishments.
- The industry employs more than 48,000 workers in the state.
- Rental and leasing services account for approximately 1.2% of Illinois' total nonfarm employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the rental and leasing services industry in the state of Illinois.
Q: Why is this trend relevant for users or analysts?
A: Tracking employment in the rental and leasing services sector provides insights into consumer demand, business investment, and overall economic conditions in Illinois.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers analyze this data to assess the health of Illinois' economy and inform economic development strategies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, All Employees: Rental and Leasing Services in Illinois (SMU17000005553200001A), retrieved from FRED.