All Employees: Construction: Nonresidential Building Construction in Ohio
SMU39000002023620001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32.72
Year-over-Year Change
6.09%
Date Range
1/1/1990 - 7/1/2025
Summary
This trend measures the number of all employees in the nonresidential building construction industry in Ohio. It provides insights into the health and activity of the state's commercial real estate and construction sectors.
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 All Employees: Construction: Nonresidential Building Construction in Ohio series tracks the total number of people employed in the nonresidential building construction industry across the state. It is a key indicator of economic activity and investment in commercial, industrial, and other non-residential building projects.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is utilized by economists, policymakers, and industry analysts to assess the strength of Ohio's commercial construction market and make informed decisions.
Key Facts
- Ohio's nonresidential construction sector employs over 100,000 workers.
- Nonresidential building construction accounts for nearly 30% of Ohio's total construction employment.
- The number of nonresidential construction jobs in Ohio has increased by 20% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the nonresidential building construction industry across the state of Ohio.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and activity of Ohio's commercial real estate and construction sectors, which are key drivers of economic growth and investment.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and industry analysts utilize this metric to assess the strength of Ohio's commercial construction market and make informed decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 1-2 months from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Construction: Nonresidential Building Construction in Ohio (SMU39000002023620001SA), retrieved from FRED.