All Employees: Professional and Business Services: Management, Scientific, and Technical Consulting Services in Ohio
SMU39000006054160001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
39.54
Year-over-Year Change
1.22%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures employment in the management, scientific, and technical consulting services industry in Ohio. It provides insights into the labor market and economic activity in this key professional services 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: Management, Scientific, and Technical Consulting Services in Ohio data series tracks the number of people employed in this industry within the state. It is used by economists and policymakers to assess the strength of Ohio's professional services economy and its broader economic conditions.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for understanding the health of Ohio's professional services industry and its implications for the state's overall economic performance.
Key Facts
- Ohio has the 7th largest professional services industry in the U.S.
- This sector accounts for over 300,000 jobs in the state.
- Consulting services make up a significant portion of Ohio's professional services industry.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of people employed in the management, scientific, and technical consulting services industry within the state of Ohio.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the strength and performance of Ohio's professional services sector, which is an important driver of the state's overall economic activity.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses 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 health of Ohio's professional services industry and its implications for the state's broader economic performance.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, but there may be some delay in the reporting of the most recent figures.
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Citation
U.S. Federal Reserve, All Employees: Professional and Business Services: Management, Scientific, and Technical Consulting Services in Ohio (SMU39000006054160001SA), retrieved from FRED.