All Employees: Professional and Business Services: Services to Buildings and Dwellings in Ohio
SMU39000006056170001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
86.50
Year-over-Year Change
3.59%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend tracks the number of all employees in the professional and business services sector, specifically in the services to buildings and dwellings industry in Ohio. It provides insights into the state's service-based economy.
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: Services to Buildings and Dwellings in Ohio trend measures the total number of people employed in the building and dwelling services industry, which includes companies that provide janitorial, landscaping, security, and other facility support services. This data helps analysts understand the health and trends within Ohio's service-based economy.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is used by policymakers, economists, and market analysts to gauge the strength of Ohio's service sector and the overall economic conditions in the state.
Key Facts
- Ohio's services to buildings and dwellings industry employed over 78,000 people as of the latest data.
- This sector has seen steady growth over the past decade, adding over 10,000 jobs.
- The services to buildings and dwellings industry accounts for about 8% of Ohio's total professional and business services employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the services to buildings and dwellings industry within Ohio's 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 Ohio's service-based economy, which is an important 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, economists, and market analysts use this trend to gauge the strength of Ohio's service sector and inform decisions related to economic development, workforce planning, and other policy initiatives.
Q: Are there update delays or limitations?
A: The data is subject to the same update schedule and potential limitations as other employment statistics published by the Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, All Employees: Professional and Business Services: Services to Buildings and Dwellings in Ohio (SMU39000006056170001), retrieved from FRED.