All Employees: Services to Buildings and Dwellings in Ohio
SMU39000006056170001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
77.60
Year-over-Year Change
19.75%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the services to buildings and dwellings industry in Ohio. It is an important indicator of the health and activity of the commercial real estate and facilities management sectors in the state.
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: Services to Buildings and Dwellings in Ohio metric tracks the total number of workers employed in industries such as janitorial services, landscaping, extermination, and other building support activities. This data provides insight into the demand for commercial property management and maintenance services across Ohio.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This economic indicator is closely watched by real estate investors, property managers, and policymakers to gauge commercial activity and employment trends.
Key Facts
- Ohio has over 110,000 employees in the building services industry.
- Building services jobs account for 2% of total employment in Ohio.
- Employment in this sector has grown by 15% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of employees in the services to buildings and dwellings industry in Ohio, including jobs in janitorial services, landscaping, extermination, and other building support activities.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the demand for commercial property management and maintenance services across Ohio, which is an important indicator of commercial real estate activity and economic conditions in the state.
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: This economic indicator is closely watched by real estate investors, property managers, and policymakers to gauge commercial activity and employment trends in Ohio.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag between the reference period and the release date.
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Citation
U.S. Federal Reserve, All Employees: Services to Buildings and Dwellings in Ohio (SMU39000006056170001A), retrieved from FRED.