All Employees: Professional and Business Services: Management, Scientific, and Technical Consulting Services in Ohio
SMU39000006054160001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
39.70
Year-over-Year Change
1.28%
Date Range
1/1/1990 - 6/1/2025
Summary
This trend measures the number of employees in the professional and business services sector, specifically in management, scientific, and technical consulting services in Ohio. It provides insights into the labor market and economic activity in this specialized industry.
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: Management, Scientific, and Technical Consulting Services in Ohio trend tracks the employment levels in this subsector of the professional and business services industry. It offers a valuable indicator of economic conditions and the demand for specialized consulting services within the state.
Methodology
The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by economists, policymakers, and industry analysts to assess the health and growth of the consulting services sector in Ohio.
Key Facts
- Ohio is a major hub for management, scientific, and technical consulting services.
- This sector has experienced steady growth in recent years.
- Consulting services are a key driver of the state's professional services industry.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of employees in the management, scientific, and technical consulting services industry in Ohio, which is a subsector of the broader professional and business services sector.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the health and growth of the consulting services industry in Ohio, which is an important indicator of economic activity and labor market conditions in the state.
Q: How is this data collected or calculated?
A: The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and industry analysts closely monitor this trend to assess the state of the consulting services sector and its impact on the broader Ohio economy.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with occasional revisions to previous estimates.
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Citation
U.S. Federal Reserve, All Employees: Professional and Business Services: Management, Scientific, and Technical Consulting Services in Ohio (SMU39000006054160001), retrieved from FRED.