All Employees: Financial Activities: Insurance Carriers and Related Activities in Ohio
SMU39000005552400001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
126.70
Year-over-Year Change
0.32%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the total number of employees in the insurance and related activities industry in Ohio. It provides insights into the state's financial services sector and labor market conditions.
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: Insurance Carriers and Related Activities in Ohio series tracks the total employment levels in Ohio's insurance and related industries. This metric is used by economists and policymakers to analyze trends in the state's financial services sector and assess the broader economic health.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is relevant for understanding Ohio's labor market and financial industry dynamics.
Key Facts
- Ohio is a major insurance hub in the Midwest.
- Employment in insurance has grown steadily in recent years.
- The industry accounts for a significant share of Ohio's economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the insurance and related activities industry in the state of Ohio.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the performance and labor market conditions of Ohio's financial services sector, which is an important part of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this employment trend to assess the health and growth of Ohio's insurance and financial services industries, which can inform economic development strategies and workforce policies.
Q: Are there update delays or limitations?
A: The data is subject to typical publication lags, but generally provides a timely and comprehensive view of employment in Ohio's insurance sector.
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Citation
U.S. Federal Reserve, All Employees: Financial Activities: Insurance Carriers and Related Activities in Ohio (SMU39000005552400001), retrieved from FRED.