Job Postings on Indeed in Akron, OH (MSA)
IHLIDX10420 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
108.10
Year-over-Year Change
0.63%
Date Range
5/22/2022 - 2/14/2025
Summary
The 'Job Postings on Indeed in Akron, OH (MSA)' trend measures the volume of job postings in the Akron, Ohio metropolitan area. It provides a real-time indicator of local labor market conditions and hiring demand.
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 index, published by the Federal Reserve Bank of St. Louis, tracks the number of job postings from the employment website Indeed for the Akron, Ohio metropolitan statistical area (MSA). It serves as a timely gauge of hiring activity and labor market trends in this regional economy.
Methodology
The data is collected directly from the Indeed job posting platform.
Historical Context
Economists and policymakers monitor this index to assess the strength of the local job market and overall economic conditions in the Akron region.
Key Facts
- The Akron MSA includes Summit and Portage counties in Ohio.
- Job postings on Indeed serve as a real-time indicator of hiring.
- The index is published with a 1-day lag from the current date.
FAQs
Q: What does this economic trend measure?
A: The 'Job Postings on Indeed in Akron, OH (MSA)' index tracks the volume of job listings in the Akron, Ohio metropolitan area as a proxy for local labor demand.
Q: Why is this trend relevant for users or analysts?
A: This index provides a timely, granular view of hiring activity and labor market conditions in the Akron region, which is useful for economists, policymakers, and job seekers.
Q: How is this data collected or calculated?
A: The data is collected directly from job postings on the Indeed employment website.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this index to assess the strength of the local job market and overall economic conditions in the Akron region, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The index is published with a 1-day lag from the current date, so it provides a near real-time view of job posting trends.
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Citation
U.S. Federal Reserve, Job Postings on Indeed in Akron, OH (MSA) (IHLIDX10420), retrieved from FRED.