All Employees: Management of Companies and Enterprises in Illinois
SMU17000006055000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
81.90
Year-over-Year Change
-12.78%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total employment in the management of companies and enterprises industry in Illinois. It provides insights into the strength and dynamics of this key sector of the state's economy.
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: Management of Companies and Enterprises in Illinois metric tracks the total number of people employed in the management of companies and enterprises industry within the state of Illinois. This indicator helps economists and policymakers assess the health and growth of this important component of the state's business landscape.
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 management of companies and enterprises employment are closely monitored by economic analysts, as this sector provides valuable insights into broader business conditions and investment activity.
Key Facts
- Illinois is a major center for corporate headquarters and professional management services.
- Employment in this sector grew by over 20% in Illinois between 2010 and 2020.
- The management of companies industry accounts for nearly 3% of total nonfarm employment in Illinois.
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: Trends in management of companies and enterprises employment provide valuable insights into the overall health and dynamics of Illinois' business landscape and economic conditions.
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 this metric to assess business investment, growth, and employment patterns in Illinois.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of one to two months.
Related Trends
Regional Price Parities: All Items for Illinois
ILRPPALL
New Private Housing Units Authorized by Building Permits for Illinois
ILBPPRIVSA
Average Hourly Earnings of Production Employees: Manufacturing: Durable Goods: Machinery Manufacturing in Illinois
SMU17000003133300008
Implicit Regional Price Deflator for Illinois
ILIRPD
Gross Domestic Product: Farms (111-112) in Illinois
ILFARMNGSP
All Employees: Transportation and Utilities: Truck Transportation in Illinois
SMU17000004348400001SA
Citation
U.S. Federal Reserve, All Employees: Management of Companies and Enterprises in Illinois (SMU17000006055000001A), retrieved from FRED.