Forestry, Fishing, Related Activities, and Other Earnings in Ohio
OHEFOR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
896,753.00
Year-over-Year Change
15.71%
Date Range
1/1/1998 - 1/1/2025
Summary
This economic trend measures earnings in the forestry, fishing, and related activities industry within the state of Ohio. It provides insights into a key part 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 Forestry, Fishing, Related Activities, and Other Earnings in Ohio series tracks the total earnings in this sector, which includes activities such as timber production, commercial fishing, and support services. This metric is used by economists and policymakers to gauge the performance and health of Ohio's natural resource industries.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
Trends in this industry can inform decisions around natural resource management, labor, and economic development policies in Ohio.
Key Facts
- Ohio is a major producer of timber and wood products.
- Commercial fishing is an important industry along Lake Erie.
- This sector accounts for over 20,000 jobs in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total earnings in Ohio's forestry, fishing, and related natural resource industries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the performance and contribution of a key sector of Ohio's economy, informing decisions around natural resource management and economic policy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Trends in this industry can inform decisions around natural resource management, labor, and economic development policies in Ohio.
Q: Are there update delays or limitations?
A: There may be delays in data reporting, and the series does not capture all related economic activity in the state.
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Citation
U.S. Federal Reserve, Forestry, Fishing, Related Activities, and Other Earnings in Ohio (OHEFOR), retrieved from FRED.