All Employees: Education and Health Services: Health Care and Social Assistance in Illinois
SMU17000006562000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
859.50
Year-over-Year Change
1.68%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the total number of employees in the education and health services sector, specifically in the health care and social assistance industry, within the state of Illinois. Understanding employment levels in this key sector is crucial for economists and policymakers analyzing the state's labor market and economic performance.
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: Education and Health Services: Health Care and Social Assistance in Illinois trend provides insights into the labor force participation and job growth dynamics within Illinois' health care and social assistance industry. This data is widely used to assess the overall health and stability of the state's economy.
Methodology
The data is collected through monthly surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and market analysts closely monitor this trend to gauge the strength of Illinois' health care sector and its impact on the broader state economy.
Key Facts
- Illinois' health care and social assistance sector employs over 1 million workers.
- This industry accounts for nearly 15% of the state's total non-farm employment.
- Employment in this sector has grown by over 10% in the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the health care and social assistance industry within the education and health services sector in the state of Illinois.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding the strength and growth of Illinois' health care sector, which is a key driver of the state's economy and labor market.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this trend to gauge the health and stability of Illinois' health care industry, which informs economic and workforce development policies.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of around one month.
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Citation
U.S. Federal Reserve, All Employees: Education and Health Services: Health Care and Social Assistance in Illinois (SMU17000006562000001), retrieved from FRED.