Unemployed: Job Losers for Rhode Island
JOBLOSRI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15,800.00
Year-over-Year Change
-31.90%
Date Range
10/1/2003 - 7/1/2024
Summary
The 'Unemployed: Job Losers for Rhode Island' trend measures the number of unemployed workers in Rhode Island who have lost their jobs, providing insights into the state's labor market dynamics.
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
This series tracks the population of unemployed workers in Rhode Island who have recently lost their jobs, which is a key indicator of economic conditions and the health of the state's labor market. Economists and policymakers closely monitor this data to assess employment trends and inform policy decisions.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is used to gauge the strength of Rhode Island's economy and labor market, informing policy decisions at the state and federal level.
Key Facts
- Rhode Island's job losers accounted for 51.2% of total unemployment in 2021.
- The number of job losers in Rhode Island peaked at 57,000 during the COVID-19 pandemic in 2020.
- The job losers trend has shown a steady decline since reaching its pandemic-era high.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of unemployed workers in Rhode Island who have recently lost their jobs, providing insights into the state's labor market dynamics.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely monitored by economists and policymakers to assess the strength of Rhode Island's labor market and inform policy decisions at the state and federal level.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This metric is used to gauge the strength of Rhode Island's economy and labor market, informing policy decisions at the state and federal level.
Q: Are there update delays or limitations?
A: The data is subject to the timeliness and methodological constraints of the household survey process.
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Citation
U.S. Federal Reserve, Unemployed: Job Losers for Rhode Island (JOBLOSRI), retrieved from FRED.