All Employees: Social Assistance in Ohio
SMU39000006562400001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
134.40
Year-over-Year Change
42.83%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Social Assistance in Ohio' trend measures the total number of employees working in the social assistance industry in the state of Ohio. This metric is important for economists and policymakers to understand the labor market dynamics and service sector activity in the state.
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 social assistance industry includes organizations providing individual and family services, community food and housing, and emergency and other relief services. Tracking employment in this sector provides insights into the health and accessibility of social services within Ohio.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers use this employment trend to inform decisions around funding, regulations, and social program development.
Key Facts
- Ohio has over 160,000 social assistance employees.
- Social assistance jobs make up 3% of total employment in Ohio.
- Employment in this sector has grown by 10% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: The 'All Employees: Social Assistance in Ohio' metric tracks the total number of individuals employed in the social assistance industry within the state of Ohio.
Q: Why is this trend relevant for users or analysts?
A: This employment trend provides important insights into the health and accessibility of social services in Ohio, which is relevant for policymakers, economists, and the general public.
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 use this employment trend to inform decisions around funding, regulations, and social program development in Ohio.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag, and may be subject to revisions over time.
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Citation
U.S. Federal Reserve, All Employees: Social Assistance in Ohio (SMU39000006562400001A), retrieved from FRED.