All Employees: Manufacturing: Durable Goods: Machine Shops; Turned Product; and Screw, Nut, and Bolt Manufacturing in Ohio
SMU39000003133270001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23.30
Year-over-Year Change
-0.86%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures the number of manufacturing employees in Ohio's machine shops, turned product, and screw, nut, and bolt manufacturing industries. It provides insight into the health and productivity of a key industrial 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 All Employees: Manufacturing: Durable Goods: Machine Shops; Turned Product; and Screw, Nut, and Bolt Manufacturing in Ohio series tracks employment levels in these related manufacturing industries within the state. This data is used by economists and policymakers to assess regional economic conditions and manufacturing output.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for understanding the state of Ohio's manufacturing industry and its contribution to the broader economy.
Key Facts
- Ohio is a major manufacturing hub in the United States.
- Durable goods manufacturing accounts for a significant portion of Ohio's economic output.
- The machine shops, turned product, and screw, nut, and bolt industries are important components of Ohio's manufacturing base.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of employees in Ohio's machine shops, turned product, and screw, nut, and bolt manufacturing industries, which are part of the broader durable goods manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the health and performance of a key component of Ohio's manufacturing industry, which is a significant driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the state of Ohio's manufacturing sector and its contribution to the broader economy, which can inform economic development strategies and policies.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and limitations of the U.S. Bureau of Labor Statistics' establishment surveys.
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Citation
U.S. Federal Reserve, All Employees: Manufacturing: Durable Goods: Machine Shops; Turned Product; and Screw, Nut, and Bolt Manufacturing in Ohio (SMU39000003133270001SA), retrieved from FRED.