All Employees: Religious, Grantmaking, Civic, Professional, and Similar Organizations in Illinois
SMU17000008081300001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
129.20
Year-over-Year Change
-8.30%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in religious, grantmaking, civic, professional, and similar organizations in the state of Illinois. It provides valuable insights into the labor market and economic activity within the nonprofit and service sectors.
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: Religious, Grantmaking, Civic, Professional, and Similar Organizations in Illinois metric tracks employment levels in a diverse range of nonprofit and membership organizations across the state. This data is used by economists and policymakers to analyze trends in the service industry and gauge the health of the local economy.
Methodology
The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for understanding the economic impact of the nonprofit and service sectors in Illinois and can inform policy decisions related to employment, social services, and community development.
Key Facts
- Illinois has over 35,000 nonprofit organizations.
- The nonprofit sector accounts for 10% of the state's GDP.
- Employment in religious, grantmaking, and civic organizations has grown by 3% annually in Illinois over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in religious, grantmaking, civic, professional, and similar organizations located in 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 activity within the nonprofit and service sectors in Illinois, which are important contributors to the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is relevant for understanding the economic impact of the nonprofit and service sectors in Illinois and can inform policy decisions related to employment, social services, and community development.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, All Employees: Religious, Grantmaking, Civic, Professional, and Similar Organizations in Illinois (SMU17000008081300001A), retrieved from FRED.