All Employees: Professional and Business Services: Administrative and Support and Waste Management and Remediation Services in Ohio
SMS39000006056000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
298.30
Year-over-Year Change
1.26%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures the number of all employees in the professional and business services sector, specifically in the administrative and support and waste management and remediation services industry in Ohio. It provides insight into the state's service-based economic 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: Administrative and Support and Waste Management and Remediation Services in Ohio trend tracks employment levels in a critical service industry that supports businesses and households across the state. It is used by economists and policymakers to assess the health and direction of Ohio's service-based economy.
Methodology
The data is collected through monthly surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for understanding Ohio's economic performance and guiding policy decisions related to the state's service sector.
Key Facts
- Ohio's administrative and support services industry employs over 280,000 workers.
- This sector accounts for nearly 5% of total employment in the state.
- Employment in this industry has grown by 8% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of all employees in the professional and business services sector, specifically in the administrative and support and waste management and remediation services industry in Ohio.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the health and direction of Ohio's service-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 monthly surveys of establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess the state of Ohio's service sector and guide decisions related to economic development and workforce policies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, All Employees: Professional and Business Services: Administrative and Support and Waste Management and Remediation Services in Ohio (SMS39000006056000001), retrieved from FRED.