All Employees: Architectural, Engineering, and Related Services in Ohio
SMU39000006054130001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
47.90
Year-over-Year Change
22.51%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the architectural, engineering, and related services industry in Ohio. It provides insight into the strength and growth of this key sector of the state's economy.
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: Architectural, Engineering, and Related Services in Ohio metric tracks the total employment levels in this professional services industry, which includes establishments that provide architectural, engineering, and related services such as drafting, building inspection, and land surveying.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Current Employment Statistics (CES) program.
Historical Context
This employment trend is closely watched by policymakers and industry analysts to gauge economic activity and investment in Ohio's infrastructure and construction projects.
Key Facts
- Ohio is a major hub for architectural and engineering services in the Midwest.
- This industry employs over 100,000 workers in the state.
- Employment levels tend to track closely with construction and infrastructure investment.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of employees in the architectural, engineering, and related services industry in the state of Ohio.
Q: Why is this trend relevant for users or analysts?
A: This employment data provides insight into the health and growth of a key professional services sector that is closely tied to infrastructure, construction, and economic development in Ohio.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Current Employment Statistics (CES) program.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts monitor this employment trend to gauge economic activity and investment in Ohio's construction and infrastructure projects.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag, and may be subject to revisions based on updated information.
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Citation
U.S. Federal Reserve, All Employees: Architectural, Engineering, and Related Services in Ohio (SMU39000006054130001A), retrieved from FRED.