All Employees: Professional and Business Services: Management of Companies and Enterprises in Illinois
SMU17000006055000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
81.10
Year-over-Year Change
-1.34%
Date Range
1/1/1990 - 7/1/2025
Summary
The 'All Employees: Professional and Business Services: Management of Companies and Enterprises in Illinois' trend measures employment levels in the management of companies and enterprises industry in Illinois. This metric provides insights into the strength and growth of this key economic 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 data series tracks the total number of people employed in the management of companies and enterprises industry within the state of Illinois. It is a valuable indicator of economic activity and business sentiment in this professional services subsector.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by policymakers, economists, and industry analysts to assess the health of Illinois' professional services economy.
Key Facts
- Illinois is a major hub for professional and business services.
- The management of companies and enterprises subsector is a key driver of the state's economy.
- Employment in this industry has shown steady growth in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the management of companies and enterprises industry within the state of Illinois.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the strength and growth of a key professional services subsector, which is an important indicator of economic activity and business sentiment in Illinois.
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: This trend is closely monitored by policymakers, economists, and industry analysts to assess the health of Illinois' professional services economy and inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of 1-2 months.
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Citation
U.S. Federal Reserve, All Employees: Professional and Business Services: Management of Companies and Enterprises in Illinois (SMU17000006055000001), retrieved from FRED.