All Marginally Attached Workers for Ohio
ALLMARGATOH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
48,400.00
Year-over-Year Change
-23.42%
Date Range
10/1/2003 - 7/1/2024
Summary
The 'All Marginally Attached Workers for Ohio' measure represents the number of people in Ohio who are available for work and have looked for a job in the past year, but were not counted as unemployed due to not actively seeking work in the last four weeks.
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
This data series provides valuable insights into the labor force in Ohio, capturing individuals who are marginally attached to the workforce and not reflected in the official unemployment rate. Economists and policymakers use this metric to gain a more comprehensive understanding of employment trends and labor market participation.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
This trend is important for assessing the overall health and utilization of the labor market in Ohio.
Key Facts
- Ohio has the 7th largest economy in the United States.
- The labor force participation rate in Ohio is currently 61.8%.
- The all marginally attached workers metric excludes individuals who have given up looking for work.
FAQs
Q: What does this economic trend measure?
A: The 'All Marginally Attached Workers for Ohio' metric measures the number of people in Ohio who are available for work and have looked for a job in the past year, but were not counted as unemployed due to not actively seeking work in the last four weeks.
Q: Why is this trend relevant for users or analysts?
A: This trend provides a more comprehensive view of labor market participation in Ohio, capturing individuals who are marginally attached to the workforce and not reflected in the official unemployment rate. It is an important metric for economists and policymakers to assess the overall health and utilization of the labor market.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and institutions to gain a better understanding of the labor market in Ohio and inform policy decisions related to employment, workforce development, and economic growth.
Q: Are there update delays or limitations?
A: The data is subject to the same update schedule and potential limitations as the broader Current Population Survey, which is a monthly survey.
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Citation
U.S. Federal Reserve, All Marginally Attached Workers for Ohio (ALLMARGATOH), retrieved from FRED.