All Employees: Transportation and Warehousing in Ohio
SMU39000004340008901A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
255.90
Year-over-Year Change
49.82%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Transportation and Warehousing in Ohio' trend measures the total number of people employed in the transportation and warehousing sector in the state of Ohio. This metric is crucial for understanding the health and growth of Ohio's logistics and supply chain industries.
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 economic indicator tracks the total number of non-farm employees working in Ohio's transportation and warehousing businesses, including air, rail, water, and truck transportation, as well as warehousing and storage facilities. It provides insights into the strength and trends within this vital component of the state's economy.
Methodology
The data is collected through surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists use this trend to assess the impact of economic conditions and policy decisions on Ohio's logistics and distribution sectors.
Key Facts
- Ohio has the 7th largest transportation and warehousing sector in the U.S.
- This trend reached a peak of 338,800 employees in May 2019.
- The COVID-19 pandemic caused a sharp decline in Ohio's transportation and warehousing jobs in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the transportation and warehousing sector in the state of Ohio.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the strength and growth of Ohio's logistics and supply chain industries, which are crucial components of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses conducted 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 impact of economic conditions and policy decisions on Ohio's transportation and warehousing sectors.
Q: Are there update delays or limitations?
A: The data is typically released with a one-month lag and may be subject to revisions.
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Citation
U.S. Federal Reserve, All Employees: Transportation and Warehousing in Ohio (SMU39000004340008901A), retrieved from FRED.