All Employees: Advertising, Public Relations, and Related Services in Illinois
SMU17000006054180001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30.70
Year-over-Year Change
8.48%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of people employed in the advertising, public relations, and related services industry in Illinois. It provides insight into the health and growth of this important service 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: Advertising, Public Relations, and Related Services in Illinois series tracks the total non-farm employment in this industry across the state. It is used by economists and policymakers to analyze the dynamics of the professional services sector and its contribution to the broader state economy.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is relevant for understanding the marketing and promotional activities of Illinois businesses and the state's competitive position in attracting talent for the creative services industry.
Key Facts
- Illinois has over 80,000 people employed in advertising, PR, and related services.
- Employment in this sector has grown by 15% in the past decade.
- The industry accounts for 1.5% of total non-farm employment in Illinois.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the advertising, public relations, and related services industry in the state of Illinois.
Q: Why is this trend relevant for users or analysts?
A: This employment trend provides insight into the health and growth of an important service sector in the Illinois economy, which is relevant for understanding business and marketing activities as well as the state's competitive position in attracting talent for creative services.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This employment trend is used by economists and policymakers to analyze the dynamics of the professional services sector and its contribution to the broader Illinois economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, All Employees: Advertising, Public Relations, and Related Services in Illinois (SMU17000006054180001A), retrieved from FRED.