All Employees: Other Services: Repair and Maintenance in Ohio
SMU39000008081100001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
52.80
Year-over-Year Change
-0.75%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the number of employees in the repair and maintenance services industry in Ohio. It provides insights into the state's services sector and economic activity.
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: Other Services: Repair and Maintenance in Ohio' series tracks the total number of workers employed in the repair and maintenance services industry within the state of Ohio. This metric serves as an indicator of demand for these services and the overall health of Ohio's services-producing economy.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to assess the performance of Ohio's services sector and make informed decisions about economic policies.
Key Facts
- Ohio has a large services sector, accounting for over 80% of its GDP.
- The repair and maintenance industry employs over 100,000 workers in Ohio.
- This metric has shown steady growth in Ohio's services employment since the Great Recession.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the repair and maintenance services industry within the state of Ohio.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the performance and health of Ohio's services-producing economy, which is a critical component of the state's overall economic activity.
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 analysts use this metric to assess the performance of Ohio's services sector and make informed decisions about economic policies that may impact this industry.
Q: Are there update delays or limitations?
A: The data is typically released with a one-month lag, and it may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Other Services: Repair and Maintenance in Ohio (SMU39000008081100001SA), retrieved from FRED.