All Employees: Durable Goods: Electrical Equipment, Appliance, and Component Manufacturing in Ohio
SMU39000003133500001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28.50
Year-over-Year Change
3.26%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the electrical equipment, appliance, and component manufacturing industry in Ohio. It is an important indicator of activity and employment in this key manufacturing 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: Durable Goods: Electrical Equipment, Appliance, and Component Manufacturing in Ohio data series tracks the total number of people employed in this manufacturing subsector within the state. It provides insight into the production and labor dynamics of this critical industrial segment.
Methodology
The data is collected through surveys of industrial establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely watched by policymakers, economists, and industry analysts to assess the health and competitiveness of Ohio's manufacturing base.
Key Facts
- Ohio is a major center for electrical equipment and appliance manufacturing.
- This industry employs over 40,000 workers in the state.
- Manufacturing output has grown steadily in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the electrical equipment, appliance, and component manufacturing industry within the state of Ohio.
Q: Why is this trend relevant for users or analysts?
A: This employment data provides important insights into the performance and competitiveness of a key manufacturing sector in Ohio, which is closely watched by policymakers, economists, and industry stakeholders.
Q: How is this data collected or calculated?
A: The data is collected through surveys of industrial establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This employment trend is used by policymakers, economists, and industry analysts to assess the health and competitiveness of Ohio's manufacturing base and inform economic development strategies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
Related Trends
Persons Unemployed 15 Weeks or Longer, as a Percent of the Civilian Labor Force for Ohio
U1UNEM1OH
State Government Tax Collections, Total Other Taxes in Ohio
OHTLOTHTAX
All Employees: Leisure and Hospitality: Accommodation and Food Services in Ohio
SMS39000007072000001
Real Gross Domestic Product: Support Activities for Mining (213) in Ohio
OHSAMINRGSP
Average Weekly Earnings of All Employees: Other Services in Ohio
SMU39000008000000011A
Gross Domestic Product: Food and Beverage and Tobacco Product Manufacturing (311-312) in Ohio
OHFOODBEVTOBMANNGSP
Citation
U.S. Federal Reserve, All Employees: Durable Goods: Electrical Equipment, Appliance, and Component Manufacturing in Ohio (SMU39000003133500001A), retrieved from FRED.