All Employees: Government in Illinois
SMU17000009000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
841.50
Year-over-Year Change
1.12%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Government in Illinois' trend measures the total number of government employees in the state of Illinois. This data is important for economists and policymakers to understand public sector employment trends and workforce dynamics.
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 tracks the total number of people employed in government roles within the state of Illinois, including federal, state, and local government jobs. It provides insight into the size and composition of the public sector workforce, which is a key consideration for fiscal, economic, and labor market analysis.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in government employment are closely monitored by economists, investors, and policymakers to assess the health of state and local economies.
Key Facts
- Illinois government employs over 800,000 workers.
- Government jobs account for nearly 13% of total employment in Illinois.
- Illinois government employment has remained relatively stable over the past decade.
FAQs
Q: What does this economic trend measure?
A: The 'All Employees: Government in Illinois' trend measures the total number of government employees in the state of Illinois, including federal, state, and local government jobs.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the size and composition of the public sector workforce in Illinois, which is a key consideration for economic, fiscal, and labor market analysis.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in government employment are closely monitored by economists, investors, and policymakers to assess the health of state and local economies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical lag of several weeks.
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Citation
U.S. Federal Reserve, All Employees: Government in Illinois (SMU17000009000000001A), retrieved from FRED.