All Employees: Retail Trade: Automobile Dealers in Ohio
SMU39000004244110001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
48.79
Year-over-Year Change
1.19%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic indicator tracks the total number of employees in the automobile dealer industry in Ohio. It serves as a barometer for consumer demand and economic activity in the state's retail automotive 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: Retail Trade: Automobile Dealers in Ohio metric measures the total employment levels at car dealerships throughout the state. It provides insight into consumer spending patterns and the overall health of Ohio's automobile sales industry, an important component of the state's economy.
Methodology
The data is collected through monthly surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely watched by policymakers, industry analysts, and investors to gauge consumer confidence and economic conditions in Ohio.
Key Facts
- Ohio is one of the largest automobile manufacturing states in the U.S.
- Automobile dealers account for over 50,000 jobs in Ohio's economy.
- Employment in this sector tends to be cyclical, reflecting consumer demand.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total number of employees working at automobile dealerships across the state of Ohio.
Q: Why is this trend relevant for users or analysts?
A: The automobile dealer employment metric provides insight into consumer spending patterns and the overall health of Ohio's retail automotive industry, which is a key component of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, industry analysts, and investors closely monitor this indicator to gauge consumer confidence and economic conditions in Ohio.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a slight delay, typically a few weeks after the end of each month.
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Citation
U.S. Federal Reserve, All Employees: Retail Trade: Automobile Dealers in Ohio (SMU39000004244110001SA), retrieved from FRED.