All Employees: Financial Activities: Finance and Insurance in Ohio
SMU39000005552000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
246.50
Year-over-Year Change
0.69%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the total number of employees in the finance and insurance industry in Ohio. It is an important indicator of the health and growth of the state's financial 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: Financial Activities: Finance and Insurance in Ohio metric tracks the total employment levels in Ohio's finance and insurance industry, which includes banks, insurance companies, investment firms, and related financial services. This data helps economists and policymakers assess the strength and trajectory of Ohio's financial industry and overall economic performance.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by state and federal policymakers, as well as financial market analysts, to gauge Ohio's economic competitiveness and the health of its financial sector.
Key Facts
- Ohio's finance and insurance industry employs over 240,000 workers.
- The finance and insurance sector accounts for over 5% of Ohio's total nonfarm employment.
- Employment in Ohio's finance and insurance industry has grown by 10% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the finance and insurance industry in the state of Ohio.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the strength and growth of Ohio's financial sector, which is a key driver of the state's overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by state and federal policymakers, as well as financial market analysts, to gauge Ohio's economic competitiveness and the health of its financial sector.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical delay of one to two months.
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Citation
U.S. Federal Reserve, All Employees: Financial Activities: Finance and Insurance in Ohio (SMU39000005552000001), retrieved from FRED.