All Employees: Professional and Business Services: Services to Buildings and Dwellings in Illinois
SMU17000006056170001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
85.79
Year-over-Year Change
-4.54%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the total number of employees in the professional and business services sector, specifically in the services to buildings and dwellings industry, for the state of Illinois. It provides insights into the labor market and economic activity in this key 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: Professional and Business Services: Services to Buildings and Dwellings in Illinois metric tracks the monthly employment levels in this industry, which includes establishments that provide services such as janitorial, landscaping, and security. This data is used by economists and policymakers to assess the health and trends within the commercial real estate and facilities management sectors.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is relevant for understanding commercial real estate and facilities management market conditions in Illinois.
Key Facts
- Illinois has the 5th largest professional and business services sector in the U.S.
- The services to buildings and dwellings industry accounts for over 100,000 jobs in Illinois.
- Employment in this sector has grown by 8% in Illinois over the past 5 years.
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 the services to buildings and dwellings industry, for the state of Illinois.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the labor market and economic activity in the commercial real estate and facilities management sectors, which are important for understanding overall economic conditions in Illinois.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This employment trend is relevant for understanding commercial real estate and facilities management market conditions in Illinois, which can inform economic development and real estate policies.
Q: Are there update delays or limitations?
A: The data is released monthly by the U.S. Bureau of Labor Statistics, with a typical 1-2 month delay in publication.
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Citation
U.S. Federal Reserve, All Employees: Professional and Business Services: Services to Buildings and Dwellings in Illinois (SMU17000006056170001SA), retrieved from FRED.