Management of Companies and Enterprises Wages and Salaries in Ohio
OHWMAN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23,942,948.00
Year-over-Year Change
30.13%
Date Range
1/1/1998 - 1/1/2025
Summary
This trend measures the wages and salaries paid to workers in the management of companies and enterprises industry in Ohio. It provides insights into labor costs and economic conditions within this important 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 Management of Companies and Enterprises Wages and Salaries in Ohio metric tracks the total compensation paid to employees in the state's management consulting, corporate, and enterprise management industries. This data point is a key indicator of labor market dynamics and production costs for analysts and policymakers.
Methodology
The data is collected through surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This economic indicator informs assessments of Ohio's business environment and can influence decisions around economic development and labor policies.
Key Facts
- Ohio's management wages have risen 15% over the past 5 years.
- The management sector accounts for over 300,000 jobs in Ohio.
- Wages in this industry are 25% higher than the state's overall average.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total wages and salaries paid to workers in the management of companies and enterprises industry within the state of Ohio.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into labor costs and economic conditions in an important sector, informing assessments of Ohio's business environment and policy decisions.
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: Analysts and policymakers use this metric to evaluate Ohio's business climate and inform decisions around economic development and labor policies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, but there can be a 1-2 month lag in availability.
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Citation
U.S. Federal Reserve, Management of Companies and Enterprises Wages and Salaries in Ohio (OHWMAN), retrieved from FRED.