All Employees: Private Service Providing in Ohio
SMU39000000800000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,006.50
Year-over-Year Change
1.25%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures the total number of private service-providing employees in the state of Ohio. It serves as a key indicator of economic activity and labor market conditions in the 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
The All Employees: Private Service Providing in Ohio metric tracks the total employment in private service-providing industries, which include trade, transportation, utilities, information, financial activities, professional and business services, education, health care, leisure, and hospitality. This data is used to assess the overall health of Ohio's service economy.
Methodology
The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Economists and policymakers monitor this trend to gauge the strength of Ohio's labor market and private sector service industries.
Key Facts
- Ohio is the seventh largest state economy in the U.S.
- Private service-providing industries account for over 70% of Ohio's total employment.
- This metric has shown steady growth since the 2008-2009 recession.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of private sector employees in service-providing industries in the state of Ohio.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the strength and direction of Ohio's service-based economy, which is a critical driver 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: Economists and policymakers monitor this trend to assess the health of Ohio's labor market and service sector, which informs decisions on economic development, workforce training, and other policy initiatives.
Q: Are there update delays or limitations?
A: This data is published monthly with a typical lag of around one month from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Private Service Providing in Ohio (SMU39000000800000001), retrieved from FRED.