All Employees: Architectural, Engineering, and Related Services in Illinois
SMU17000006054130001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
50.10
Year-over-Year Change
13.35%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures employment in architectural, engineering, and related services in the state of Illinois. It is a key indicator of activity and growth in the state's construction and infrastructure sectors.
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: Architectural, Engineering, and Related Services in Illinois data series tracks the total number of people employed in these professional services across the state. It provides insights into the health and dynamics of Illinois' built environment and development industry.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely watched by policymakers, urban planners, and construction industry analysts.
Key Facts
- Illinois has over 200,000 people employed in architectural and engineering services.
- Employment in this sector grew by 8% in Illinois over the past 5 years.
- These professional services generate over $30 billion in annual revenue in the state.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total number of people employed in architectural, engineering, and related professional services across the state of Illinois.
Q: Why is this trend relevant for users or analysts?
A: This employment trend provides insights into the health and growth of Illinois' construction, infrastructure, and built environment sectors, which are critical to the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This employment trend is closely monitored by policymakers, urban planners, and construction industry analysts to gauge activity and make informed decisions about infrastructure, development, and economic growth in Illinois.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay, providing timely insights into employment trends in this sector.
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Citation
U.S. Federal Reserve, All Employees: Architectural, Engineering, and Related Services in Illinois (SMU17000006054130001A), retrieved from FRED.