All Employees: Computer Systems Design and Related Services in Illinois
SMU17000006054150001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
86.30
Year-over-Year Change
22.76%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Computer Systems Design and Related Services in Illinois' trend measures the total number of employees in the computer systems design and related services industry in the state of Illinois. This data provides insight into the labor market conditions and economic activity within this key technology 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 economic indicator tracks employment in a specialized technology services industry that includes companies providing computer systems design, programming, and related services. The data offers a window into the health and growth of the technology sector in Illinois, an important component of the state's economy.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to assess the strength of the technology industry and inform decisions related to economic development, workforce planning, and infrastructure investment.
Key Facts
- This data series dates back to 2003.
- Illinois has the 5th largest tech sector in the U.S.
- Employment in this industry grew by 21% in Illinois from 2012 to 2022.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the computer systems design and related services industry in the state of Illinois.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the health and growth of the technology sector in Illinois, an important component of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the strength of the technology industry and inform decisions related to economic development, workforce planning, and infrastructure investment.
Q: Are there update delays or limitations?
A: This data series is updated monthly by the U.S. Federal Reserve and may be subject to revisions.
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Citation
U.S. Federal Reserve, All Employees: Computer Systems Design and Related Services in Illinois (SMU17000006054150001A), retrieved from FRED.