All Employees: Professional and Business Services: Specialized Design Services in Illinois
SMU17000006054140001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.80
Year-over-Year Change
-1.45%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the number of all employees in the specialized design services industry in Illinois. It provides valuable insights into the state's professional and business services 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: Professional and Business Services: Specialized Design Services in Illinois metric tracks the total employment in the specialized design services industry, which includes firms that provide services such as interior, industrial, graphic, and fashion design.
Methodology
This data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in specialized design services employment can signal changes in business investment, consumer demand, and economic activity in Illinois.
Key Facts
- Illinois has over 8,000 specialized design services employees.
- Employment in this sector grew by 3.5% in the past year.
- Specialized design services make up 1.2% of Illinois' total professional and business services jobs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the specialized design services industry in the state of Illinois, which includes firms providing interior, industrial, graphic, and fashion design services.
Q: Why is this trend relevant for users or analysts?
A: Trends in specialized design services employment can provide insights into investment, consumer demand, and overall economic activity in Illinois, making this metric relevant for businesses, policymakers, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Monitoring changes in specialized design services employment can help policymakers and economists assess the health of Illinois' professional and business services sector and inform economic development strategies.
Q: Are there update delays or limitations?
A: This data is released monthly with a typical lag of approximately one month.
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Citation
U.S. Federal Reserve, All Employees: Professional and Business Services: Specialized Design Services in Illinois (SMU17000006054140001), retrieved from FRED.