All Employees: Professional and Business Services: Professional, Scientific, and Technical Services in Ohio
SMU39000006054000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
288.30
Year-over-Year Change
-0.69%
Date Range
1/1/1990 - 7/1/2025
Summary
This trend measures the number of employees in the professional, scientific, and technical services industry in Ohio. It provides insights into the labor market and economic activity in this key 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: Professional and Business Services: Professional, Scientific, and Technical Services in Ohio metric tracks the total number of employees in industries such as legal services, accounting, architecture, engineering, and scientific research. This data is used by economists and policymakers to analyze workforce trends and business activity in Ohio's knowledge-based economy.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is a key indicator of economic conditions and can inform decisions around workforce development, infrastructure investment, and business regulations.
Key Facts
- This series dates back to 1990.
- Professional and technical services account for over 700,000 jobs in Ohio.
- Employment in this sector has grown by 20% in the past decade.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of employees in professional, scientific, and technical services industries in the state of Ohio.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the strength of Ohio's knowledge-based economy and labor market conditions in high-skilled sectors.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This employment metric can inform decisions around workforce development, infrastructure investment, and business regulations to support Ohio's professional services industries.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of several weeks.
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Citation
U.S. Federal Reserve, All Employees: Professional and Business Services: Professional, Scientific, and Technical Services in Ohio (SMU39000006054000001), retrieved from FRED.