Business Formations Within Four Quarters: Total for All NAICS in Ohio
Not Seasonally Adjusted
BFBF4QTOTALNSAOH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
566.00
Year-over-Year Change
15.75%
Date Range
7/1/2004 - 12/1/2021
Summary
This economic indicator measures the total number of job openings in the United States, excluding seasonal adjustments. It provides valuable insights into the strength of the U.S. labor market.
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 'Not Seasonally Adjusted' job openings indicator tracks the total number of available positions across the economy, without accounting for typical seasonal variations. This data series is used by economists and policymakers to gauge the underlying demand for workers and assess the overall health of the job market.
Methodology
The data is collected through the Job Openings and Labor Turnover Survey (JOLTS) conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The job openings trend is closely monitored by the Federal Reserve and other institutions to inform economic and monetary policy decisions.
Key Facts
- The job openings data is released monthly by the U.S. Bureau of Labor Statistics.
- The indicator covers both the private sector and government job openings.
- The 'Not Seasonally Adjusted' version of the data does not account for typical seasonal hiring patterns.
FAQs
Q: What does this economic trend measure?
A: The 'Not Seasonally Adjusted' job openings indicator measures the total number of available positions across the U.S. economy, without accounting for typical seasonal variations in hiring.
Q: Why is this trend relevant for users or analysts?
A: This data provides valuable insights into the underlying strength of the labor market, which is a key indicator of overall economic health. It is closely monitored by economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through the Job Openings and Labor Turnover Survey (JOLTS) conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The job openings trend is closely tracked by the Federal Reserve and other institutions to inform economic and monetary policy decisions, as it reflects the overall demand for workers in the U.S. economy.
Q: Are there update delays or limitations?
A: The job openings data is released monthly by the U.S. Bureau of Labor Statistics, with a typical delay of around 6 weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Not Seasonally Adjusted (BFBF4QTOTALNSAOH), retrieved from FRED.