All Employees: Professional and Business Services: Professional, Scientific, and Technical Services in Ohio
SMS39000006054000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
290.50
Year-over-Year Change
0.80%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures the total number of employees in the professional, scientific, and technical services industry in Ohio. It provides insight into the state's professional service sector activity and labor market conditions.
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: Professional and Business Services: Professional, Scientific, and Technical Services in Ohio metric tracks employment levels in occupations such as legal services, accounting, architecture, engineering, and scientific research. This data point is used by economists and policymakers to analyze the health and trends within Ohio's knowledge-based economy.
Methodology
The data is collected through surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is relevant for understanding Ohio's economic competitiveness and the state's ability to support high-skilled, high-wage professional services jobs.
Key Facts
- Ohio's professional services industry employs over 500,000 workers.
- Employment in this sector has grown by 10% over the past 5 years.
- Legal services is the largest professional services subsector in Ohio.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the professional, scientific, and technical services industry in the state of Ohio.
Q: Why is this trend relevant for users or analysts?
A: This employment data provides insight into the health and competitiveness of Ohio's knowledge-based economy, which is an important driver of the state's overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this employment data to assess Ohio's ability to support high-skilled, high-wage professional services jobs, which are critical for the state's economic competitiveness.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Professional and Business Services: Professional, Scientific, and Technical Services in Ohio (SMS39000006054000001), retrieved from FRED.