All Employees: Education and Health Services: Hospitals in Illinois
SMU17000006562200001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
257.25
Year-over-Year Change
2.61%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the number of all employees in the education and health services sector, specifically in the hospitals industry, for the state of Illinois. It provides valuable insights into the labor market and economic activity within this 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
The All Employees: Education and Health Services: Hospitals in Illinois data series tracks the total number of individuals employed in the hospital industry, which is a critical component of the broader education and health services sector. This metric is widely used by economists and policymakers to assess the health and growth of the Illinois labor market and the broader healthcare industry.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through monthly surveys of businesses and establishments.
Historical Context
This trend is often used to inform economic and workforce development policies, as well as to analyze market conditions and industry trends.
Key Facts
- Illinois hospitals employ over 400,000 workers.
- The healthcare sector is one of the largest and fastest-growing industries in Illinois.
- Hospital employment in Illinois has increased by 10% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the hospital industry, which is part of the broader education and health services sector, for the state of Illinois.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the health and growth of the Illinois labor market, particularly within the critical healthcare industry. It is widely used by economists, policymakers, and industry analysts to monitor economic and employment conditions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through monthly surveys of businesses and establishments.
Q: How is this trend used in economic policy?
A: This trend is used to inform economic and workforce development policies, as well as to analyze market conditions and industry trends within the healthcare sector.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical delay of approximately one month from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Education and Health Services: Hospitals in Illinois (SMU17000006562200001SA), retrieved from FRED.