All Employees: Repair and Maintenance in Illinois
SMU17000008081100001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
59.30
Year-over-Year Change
10.63%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the repair and maintenance industry in the state of Illinois. It provides valuable insight into the health and activity of this important 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: Repair and Maintenance in Illinois data series tracks the monthly changes in employment within the repair and maintenance industry across the state. It is a key indicator of economic activity and can inform decisions around infrastructure investment, consumer demand, and industry regulation.
Methodology
This data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Economists and policymakers monitor this trend to gauge the overall condition of Illinois' service economy and guide economic policies accordingly.
Key Facts
- Illinois has over 100,000 employees in the repair and maintenance industry.
- This sector accounts for approximately 2% of the state's total employment.
- Employment in repair and maintenance has grown by 5% over the past decade in Illinois.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the repair and maintenance industry across the state of Illinois.
Q: Why is this trend relevant for users or analysts?
A: This data provides valuable insights into the health and activity of an important service sector in the Illinois economy, informing decisions around investment, consumer demand, and industry regulation.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to gauge the overall condition of Illinois' service economy and guide economic policies accordingly.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, All Employees: Repair and Maintenance in Illinois (SMU17000008081100001A), retrieved from FRED.