Initial Claims in Ohio
OHICLAIMS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,942.00
Year-over-Year Change
-10.58%
Date Range
6/10/2006 - 8/2/2025
Summary
The Initial Claims in Ohio metric tracks the number of people in Ohio who have filed for unemployment benefits for the first time. This data provides insight into the health of the state's labor market and economic conditions.
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 Initial Claims in Ohio series measures the number of new jobless claims filed by Ohio residents each week. This indicator helps economists and policymakers assess the strength of the state's job market and monitor recessionary pressures.
Methodology
The data is collected by the Ohio Department of Job and Family Services based on unemployment insurance claims filed.
Historical Context
Initial claims data is closely watched by the Federal Reserve and other analysts to gauge the direction of the broader economy.
Key Facts
- Ohio is the 7th most populous U.S. state.
- Initial claims data is released weekly by the U.S. Department of Labor.
- Higher initial claims can signal a weakening job market and potential recession.
FAQs
Q: What does this economic trend measure?
A: The Initial Claims in Ohio metric tracks the number of first-time unemployment insurance claims filed by Ohio residents each week.
Q: Why is this trend relevant for users or analysts?
A: Initial claims data provides an early signal of changes in the strength of Ohio's labor market and broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected by the Ohio Department of Job and Family Services based on unemployment insurance claims filed.
Q: How is this trend used in economic policy?
A: Initial claims are closely monitored by the Federal Reserve and other analysts to assess recessionary pressures and guide economic policy decisions.
Q: Are there update delays or limitations?
A: The data is released weekly by the U.S. Department of Labor, providing timely insights into Ohio's labor market.
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Citation
U.S. Federal Reserve, Initial Claims in Ohio (OHICLAIMS), retrieved from FRED.