All Employees: Professional and Business Services: Administrative and Support Services in Ohio
SMU39000006056100001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
287.50
Year-over-Year Change
3.90%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the total number of employees in the administrative and support services industry within the professional and business services sector in Ohio. It is an important indicator of economic activity and labor market conditions in the state.
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: Professional and Business Services: Administrative and Support Services in Ohio data series tracks the monthly employment levels in this specific industry, which includes occupations such as office administration, facilities support, and employment services. This metric helps economists and policymakers assess the strength of Ohio's service-providing industries.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is used to monitor the health of Ohio's service economy and inform policy decisions related to workforce development and business support programs.
Key Facts
- Ohio has the fifth-largest professional and business services sector in the U.S.
- Administrative and support services account for over 40% of Ohio's professional and business services employment.
- Employment in this industry has grown by 8% in Ohio over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the administrative and support services industry within the professional and business services sector in the state of Ohio.
Q: Why is this trend relevant for users or analysts?
A: This employment metric is an important indicator of economic activity and labor market conditions in Ohio's service-providing industries, which are crucial to the state's overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses and establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This employment trend is used by economists and policymakers to monitor the health of Ohio's service economy and inform decisions related to workforce development and business support programs.
Q: Are there update delays or limitations?
A: The data is published with a one-month lag and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Professional and Business Services: Administrative and Support Services in Ohio (SMU39000006056100001), retrieved from FRED.