Civilian Labor Force for Rhode Island
CIVLFRI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
587,700.00
Year-over-Year Change
7.09%
Date Range
10/1/2003 - 7/1/2024
Summary
The Civilian Labor Force for Rhode Island measures the total number of people in Rhode Island who are employed or actively seeking employment. This metric is a key indicator of the state's economic activity and labor market 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 Civilian Labor Force is the sum of all employed and unemployed individuals in Rhode Island. It represents the total supply of labor available for economic production in the state. Economists and policymakers closely monitor this data to gauge the overall health of the state's economy.
Methodology
The Bureau of Labor Statistics collects this data through household surveys and administrative records.
Historical Context
The Civilian Labor Force trend is used to inform economic and workforce development policies in Rhode Island.
Key Facts
- Rhode Island's civilian labor force was 543,400 in March 2023.
- The labor force participation rate in Rhode Island was 63.2% in March 2023.
- Rhode Island's unemployment rate was 3.2% in March 2023.
FAQs
Q: What does this economic trend measure?
A: The Civilian Labor Force for Rhode Island measures the total number of people in the state who are employed or actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of Rhode Island's economic activity and labor market conditions, making it relevant for economists, policymakers, and anyone interested in the state's economic performance.
Q: How is this data collected or calculated?
A: The Bureau of Labor Statistics collects this data through household surveys and administrative records.
Q: How is this trend used in economic policy?
A: The Civilian Labor Force trend is used to inform economic and workforce development policies in Rhode Island.
Q: Are there update delays or limitations?
A: The data is typically released on a monthly basis, with some potential for slight delays in publication.
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Citation
U.S. Federal Reserve, Civilian Labor Force for Rhode Island (CIVLFRI), retrieved from FRED.