All Employees: Trade, Transportation, and Utilities in Ohio
SMU39000004000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,055.30
Year-over-Year Change
8.72%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Trade, Transportation, and Utilities in Ohio' series measures the total number of employees in the trade, transportation, and utilities sectors across the state of Ohio. This provides insight into the health and activity of key parts of Ohio's economy.
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
This employment series covers establishments in industries related to wholesale trade, retail trade, transportation and warehousing, and utilities. It serves as an important indicator of economic conditions and consumer demand in Ohio.
Methodology
The data is collected through surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This series is widely used by economists, policymakers, and analysts to monitor Ohio's economic performance and make informed decisions.
Key Facts
- Ohio is a major logistics and distribution hub in the Midwest.
- Trade, transportation, and utilities account for over 20% of Ohio's total employment.
- Employment in this sector has steadily increased since the 2008-2009 recession.
FAQs
Q: What does this economic trend measure?
A: This series measures the total number of employees working in trade, transportation, and utilities industries across the state of Ohio.
Q: Why is this trend relevant for users or analysts?
A: This employment data provides insight into the health and activity of key economic sectors in Ohio, which is crucial for understanding 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: Economists, policymakers, and analysts use this series to monitor Ohio's economic conditions and make informed decisions about economic policy and investments.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical 1-2 month lag, and may be subject to revisions based on updated information.
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Citation
U.S. Federal Reserve, All Employees: Trade, Transportation, and Utilities in Ohio (SMU39000004000000001A), retrieved from FRED.