Civilian Labor Force for Ohio
CIVLFOH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,852,600.00
Year-over-Year Change
2.84%
Date Range
10/1/2003 - 7/1/2024
Summary
The Civilian Labor Force for Ohio tracks the total number of employed and unemployed individuals in the state's workforce. This key economic indicator provides insights into labor market dynamics and is closely monitored by policymakers.
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 Civilian Labor Force represents the total number of individuals aged 16 and over who are either employed or actively seeking employment within the state of Ohio. It is a widely used metric for analyzing the strength and composition of the state's workforce.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in the Civilian Labor Force are important for guiding economic and workforce development policies in Ohio.
Key Facts
- Ohio's civilian labor force totaled 5.9 million in 2022.
- The labor force participation rate in Ohio was 62.1% as of 2022.
- Ohio's unemployment rate stood at 4.2% as of December 2022.
FAQs
Q: What does this economic trend measure?
A: The Civilian Labor Force for Ohio tracks the total number of employed and unemployed individuals aged 16 and over who are actively participating in the state's workforce.
Q: Why is this trend relevant for users or analysts?
A: The Civilian Labor Force is a key indicator of the strength and composition of Ohio's workforce, providing insights into labor market dynamics that are crucial for economic and workforce development policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in the Civilian Labor Force are closely monitored by policymakers and economists to guide workforce development, employment, and economic policies in Ohio.
Q: Are there update delays or limitations?
A: The Civilian Labor Force data for Ohio is published monthly with a slight delay, typically 1-2 months after the reference period.
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Citation
U.S. Federal Reserve, Civilian Labor Force for Ohio (CIVLFOH), retrieved from FRED.