All Employees: Other Services in Ohio
SMU39000008000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
213.50
Year-over-Year Change
0.76%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Other Services in Ohio' trend measures employment in the other services sector in the state of Ohio. This metric is closely watched by economists and policymakers to gauge the health of Ohio's economy and service-providing industries.
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 'Other Services' sector includes a diverse range of businesses such as repair and maintenance, personal and laundry services, and religious, civic, and professional organizations. Tracking employment in this sector provides insights into the broader service economy and consumer demand in Ohio.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is used by analysts and policymakers to assess economic conditions and the impact of regulations or initiatives on Ohio's service sector.
Key Facts
- Ohio's other services sector employs over 400,000 workers.
- Employment in this sector has grown by 5% over the past 5 years.
- The other services sector accounts for about 8% of total nonfarm employment in Ohio.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of employees in the 'Other Services' sector in the state of Ohio. The 'Other Services' sector includes a variety of businesses such as repair, personal services, and religious and civic organizations.
Q: Why is this trend relevant for users or analysts?
A: Tracking employment in the other services sector provides insights into the broader service economy and consumer demand in Ohio, which is an important part 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: This employment trend is used by analysts and policymakers to assess economic conditions and the impact of regulations or initiatives on Ohio's service sector.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-month delay.
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Citation
U.S. Federal Reserve, All Employees: Other Services in Ohio (SMU39000008000000001A), retrieved from FRED.