All Employees: Services to Buildings and Dwellings in Illinois
SMU17000006056170001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
90.30
Year-over-Year Change
12.45%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures employment in the services to buildings and dwellings industry in Illinois. It is an important indicator of economic activity and labor market conditions in the state.
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: Services to Buildings and Dwellings in Illinois series tracks the number of people employed in the building services and facilities maintenance sector across the state. This data provides insights into the health of the commercial real estate market and broader economic trends.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely watched by policymakers, real estate analysts, and businesses to understand Illinois' economic performance.
Key Facts
- Illinois has over 200,000 workers in the building services and dwellings industry.
- Employment in this sector grew by 3.2% in the past year.
- Services to buildings and dwellings make up 4.1% of total nonfarm employment in Illinois.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of people employed in the services to buildings and dwellings industry in the state of Illinois.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the commercial real estate market and broader economic conditions in Illinois.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, real estate analysts, and businesses closely monitor this indicator to understand Illinois' economic performance.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, All Employees: Services to Buildings and Dwellings in Illinois (SMU17000006056170001A), retrieved from FRED.