All Employees: Repair and Maintenance in Ohio
SMU39000008081100001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
53.10
Year-over-Year Change
22.92%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Repair and Maintenance in Ohio' trend tracks the total number of workers employed in the repair and maintenance industry across the state of Ohio. This metric is an important indicator of economic activity and labor market conditions in this critical 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
This series measures the total number of employees in establishments that provide repair and maintenance services in Ohio, including automotive, machinery, and electronic repair, as well as building and home maintenance. It is a key indicator of the health and demand for these services within the state's economy.
Methodology
The data is collected through surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists analyze this trend to assess the strength of Ohio's service sector and monitor labor market dynamics.
Key Facts
- Ohio has over 90,000 repair and maintenance workers.
- This sector accounts for 2.5% of total employment in the state.
- Employment levels have remained relatively stable over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in repair and maintenance establishments across the state of Ohio.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the strength and demand for repair and maintenance services, which is an important component of Ohio's service sector and broader economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this trend to assess labor market conditions and the overall health of Ohio's service sector, which can inform economic development strategies and policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical one-month lag between the reference period and publication.
Related Trends
Average Hourly Earnings of Production Employees: Retail Trade in Ohio
SMU39000004200000008
Forestry, Fishing, Related Activities, and Other Earnings in Ohio
OHEFOR
New Private Housing Units Authorized by Building Permits: 1-Unit Structures for Ohio
OHBP1FH
Average Weekly Hours of All Employees: Total Private in Ohio
SMU39000000500000002
Personal Consumption Expenditures: Total for Ohio
OHPCE
Regional Price Parities: All Items: Nonmetropolitan Portion for Ohio
OHNMPRPPALL
Citation
U.S. Federal Reserve, All Employees: Repair and Maintenance in Ohio (SMU39000008081100001A), retrieved from FRED.