All Employees: Retail Trade: Food and Beverage Stores in Ohio
SMU39000004244500001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
101.10
Year-over-Year Change
-9.33%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the retail trade industry for food and beverage stores in the state of Ohio. It provides insights into the labor market and consumer spending patterns within this key economic sector.
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: Retail Trade: Food and Beverage Stores in Ohio metric tracks the employment levels in Ohio's food and beverage retail industry. This data is used by economists and policymakers to assess the health of the state's consumer-facing economy and make informed decisions about economic policy.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely watched by analysts and officials as an indicator of consumer demand and spending within Ohio's retail sector.
Key Facts
- Ohio has over 32,000 food and beverage retail employees.
- Retail trade makes up 11% of Ohio's total nonfarm employment.
- Food and beverage stores account for 28% of Ohio's retail trade jobs.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of employees working in the food and beverage retail industry within the state of Ohio.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into consumer spending patterns and the health of Ohio's retail sector, which is a key component of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to assess consumer demand and make informed decisions about economic policies that impact Ohio's retail trade industry.
Q: Are there update delays or limitations?
A: The data is published monthly with a short lag, providing timely insights into employment trends in Ohio's food and beverage retail sector.
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Citation
U.S. Federal Reserve, All Employees: Retail Trade: Food and Beverage Stores in Ohio (SMU39000004244500001A), retrieved from FRED.