All Employees: Professional and Business Services: Office Administrative Services in Illinois
SMU17000006056110001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25.30
Year-over-Year Change
2.43%
Date Range
1/1/1990 - 7/1/2025
Summary
This trend measures the number of employees in the professional and business services sector, specifically in office administrative services, within the state of Illinois. It provides insights into the labor market and economic activity in this important service industry.
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: Office Administrative Services in Illinois metric tracks the total number of individuals employed in office administrative support roles across various businesses and organizations in the state. This data is a key indicator of the health and dynamics of the professional services industry in Illinois.
Methodology
The data is collected through surveys 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 strength of the Illinois economy and guide economic and workforce development strategies.
Key Facts
- Illinois is a major hub for professional and business services.
- Office administrative support is a significant employment sector in the state.
- This trend provides insights into the state's economic growth and labor market dynamics.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the professional and business services sector, specifically in office administrative services, within the state of Illinois.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of the health and dynamics of the professional services industry in Illinois, providing insights that are closely monitored by policymakers, economists, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and analysts to assess the strength of the Illinois economy and guide economic and workforce development strategies.
Q: Are there update delays or limitations?
A: The data is regularly updated by the U.S. Bureau of Labor Statistics, but there may be occasional delays or limitations in reporting.
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Citation
U.S. Federal Reserve, All Employees: Professional and Business Services: Office Administrative Services in Illinois (SMU17000006056110001), retrieved from FRED.