Unemployed: Job Losers for Ohio
JOBLOSOH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
105,900.00
Year-over-Year Change
-41.49%
Date Range
10/1/2003 - 7/1/2024
Summary
The 'Unemployed: Job Losers for Ohio' metric tracks the number of unemployed individuals in Ohio who have lost their jobs, providing valuable insights into the state's labor market dynamics.
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 series measures the count of unemployed Ohioans who have been laid off or have lost their jobs for other reasons, excluding those who have voluntarily left their positions. It is an important indicator of economic conditions and workforce stability in the state.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists closely monitor this trend to assess the health of Ohio's labor market and inform economic and employment policies.
Key Facts
- Ohio's job loss rate was higher than the national average in 2022.
- The number of job losers in Ohio peaked during the COVID-19 pandemic.
- Manufacturing and retail sectors experienced the most job losses in Ohio in recent years.
FAQs
Q: What does this economic trend measure?
A: The 'Unemployed: Job Losers for Ohio' metric tracks the number of unemployed individuals in Ohio who have lost their jobs, excluding those who have voluntarily left their positions.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the health of Ohio's labor market and workforce stability, which is crucial for policymakers and economists to assess economic conditions and inform employment policies.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to assess the health of Ohio's labor market and inform economic and employment policies.
Q: Are there update delays or limitations?
A: The data is released on a regular basis, but there may be some delays in reporting due to the survey-based nature of the data collection.
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Citation
U.S. Federal Reserve, Unemployed: Job Losers for Ohio (JOBLOSOH), retrieved from FRED.