All Employees: Professional and Business Services: Specialized Design Services in Illinois
SMU17000006054140001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.74
Year-over-Year Change
-1.44%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures employment in the specialized design services industry in Illinois. It provides insights into the state's professional and business services sector, which is a key driver of economic growth.
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 number of people employed in design-related occupations, such as graphic, industrial, and interior design. This data helps policymakers and analysts understand the health and dynamics of Illinois' professional services industry.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in specialized design services employment are closely monitored by economists and policymakers to gauge Illinois' competitiveness in knowledge-intensive industries.
Key Facts
- Illinois has over 12,000 specialized design services jobs.
- Design services employment grew by 8% in Illinois over the past 5 years.
- The specialized design sector accounts for 1.2% of Illinois' total employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures employment in the specialized design services industry in Illinois, including occupations like graphic, industrial, and interior design.
Q: Why is this trend relevant for users or analysts?
A: Trends in specialized design services employment provide insights into the health and dynamics of Illinois' professional services sector, which is a key driver of economic growth in the state.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor specialized design services employment to gauge Illinois' competitiveness in knowledge-intensive industries and inform economic development strategies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 1-2 months from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Professional and Business Services: Specialized Design Services in Illinois (SMU17000006054140001SA), retrieved from FRED.