All Employees: Administrative and Support Services in Ohio
SMU39000006056100001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
274.70
Year-over-Year Change
-5.05%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend tracks the total number of employees in the administrative and support services industry in the state of Ohio. It provides insights into the health and activity of this important service 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: Administrative and Support Services in Ohio series measures the total number of people employed in administrative and support services businesses located in the state of Ohio. This data is used by economists and policymakers to assess the strength of the state's service-based economy.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
The administrative and support services industry encompasses a wide range of activities that support the operations of other businesses, so this employment trend is seen as an indicator of broader economic conditions.
Key Facts
- Ohio is a major hub for administrative and support services.
- This industry accounts for over 300,000 jobs in the state.
- Employment in this sector has grown steadily in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in administrative and support services businesses located in the state of Ohio.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the strength and activity of Ohio's service-based economy, which is an important indicator of overall economic conditions in the state.
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 economists use this employment data to assess the health of Ohio's service sector and inform decisions around economic development and workforce policies.
Q: Are there update delays or limitations?
A: This data is published monthly with a typical 1-2 month lag, so it provides timely but not real-time information on administrative and support services employment in Ohio.
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Citation
U.S. Federal Reserve, All Employees: Administrative and Support Services in Ohio (SMU39000006056100001A), retrieved from FRED.