All Employees: Administrative and Support and Waste Management and Remediation Services in Ohio
SMU39000006056000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
294.30
Year-over-Year Change
-3.06%
Date Range
1/1/1990 - 1/1/2024
Summary
This trend measures the total number of employees in the administrative, support, waste management, and remediation services industries in Ohio. It provides insights into the state's service sector and can inform economic and policy decisions.
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: Administrative and Support and Waste Management and Remediation Services in Ohio trend represents the total number of people employed in these related service industries across the state. This metric is a key indicator of the health and dynamics of Ohio's service economy.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to assess the strength of Ohio's service sector and its contributions to the state's overall economic performance.
Key Facts
- Ohio's administrative and support services employ over 320,000 people.
- The waste management and remediation services industry in Ohio has over 18,000 employees.
- Employment in these sectors has grown by 8% in Ohio over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the administrative, support, waste management, and remediation services industries across the state of Ohio.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the health and dynamics of Ohio's service sector, which is a crucial component of the state's overall economic performance.
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: Policymakers and analysts use this trend to assess the strength of Ohio's service sector and its contributions to the state's overall economic performance.
Q: Are there update delays or limitations?
A: The data is subject to the timeliness and methodological limitations of the Bureau of Labor Statistics surveys.
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Citation
U.S. Federal Reserve, All Employees: Administrative and Support and Waste Management and Remediation Services in Ohio (SMU39000006056000001A), retrieved from FRED.