All Employees: Health Care and Social Assistance in Illinois
SMU17000006562000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
836.30
Year-over-Year Change
17.59%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Health Care and Social Assistance in Illinois' metric tracks the total number of people employed in the health care and social assistance industry in the state of Illinois. This data provides important insights into the labor market and economic conditions in a key 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
This series measures the total number of employees in the health care and social assistance industry across the state of Illinois. It is a valuable indicator of activity and growth in a major component of the state's economy, which has important implications for policymakers and economic analysts.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely watched by economists, policymakers, and industry analysts to gauge the health and trajectory of Illinois' health care and social services sectors.
Key Facts
- Illinois has over 1 million workers in health care and social assistance.
- This sector accounts for over 15% of total employment in the state.
- Employment in this industry has grown steadily over the past decade.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of people employed in the health care and social assistance industry across the state of Illinois.
Q: Why is this trend relevant for users or analysts?
A: This data provides valuable insights into the labor market and economic conditions in a major sector of Illinois' economy, which is crucial for policymakers and industry analysts.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics collects this data through surveys of business establishments.
Q: How is this trend used in economic policy?
A: This metric is closely monitored by economists, policymakers, and industry stakeholders to gauge the health and trajectory of Illinois' health care and social services sectors.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Health Care and Social Assistance in Illinois (SMU17000006562000001A), retrieved from FRED.