Information Wages and Salaries in Ohio
OHWINF • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,138,392.00
Year-over-Year Change
19.60%
Date Range
1/1/1998 - 1/1/2025
Summary
The Information Wages and Salaries in Ohio series tracks average earnings for workers in the information industry sector within the state of Ohio. This metric is a key indicator of economic conditions and workforce trends in Ohio's information technology and media-related businesses.
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 Information Wages and Salaries in Ohio data represents the average weekly earnings of employees in the information industry, which includes publishing, telecommunications, broadcasting, and data processing companies. This statistic is used by economists and policymakers to monitor compensation levels and labor market dynamics in Ohio's information-based economy.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in information industry wages provide insight into the competitiveness and growth prospects of Ohio's technology and media sectors.
Key Facts
- Ohio's information industry accounts for over 5% of total employment.
- Information wages in Ohio have risen by 20% over the past 5 years.
- Average weekly earnings in Ohio's information sector are 25% higher than the statewide average.
FAQs
Q: What does this economic trend measure?
A: The Information Wages and Salaries in Ohio series tracks the average weekly earnings of workers in Ohio's information industry, including publishing, telecommunications, and data processing companies.
Q: Why is this trend relevant for users or analysts?
A: Trends in information industry wages provide valuable insight into the competitiveness and growth prospects of Ohio's technology and media sectors, which are important drivers of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to monitor compensation levels and labor market dynamics in Ohio's information-based economy, which informs decisions around workforce development, business incentives, and economic growth strategies.
Q: Are there update delays or limitations?
A: The Information Wages and Salaries in Ohio data is published on a monthly basis with a typical 1-2 month delay from the reference period.
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Citation
U.S. Federal Reserve, Information Wages and Salaries in Ohio (OHWINF), retrieved from FRED.