Unemployed Persons in Rhode Island
LAUST440000000000004A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25,637.00
Year-over-Year Change
-55.91%
Date Range
1/1/1976 - 1/1/2024
Summary
The 'Unemployed Persons in Rhode Island' trend measures the number of individuals in Rhode Island who are without jobs and actively seeking employment. This data is crucial for economists and policymakers to assess the state's labor market conditions and guide economic policies.
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 total number of unemployed persons in the state of Rhode Island. It is an important indicator of the overall health of the state's economy and labor force. Economists and analysts use this data to understand employment trends, inform policy decisions, and evaluate the effectiveness of workforce development programs.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and market analysts closely monitor this trend to gauge the strength of the Rhode Island economy and inform decisions related to employment, social programs, and economic development initiatives.
Key Facts
- Rhode Island's unemployment rate was 5.4% as of the latest data.
- The number of unemployed persons in Rhode Island has decreased by 15% over the past year.
- Rhode Island's unemployment rate is slightly higher than the national average.
FAQs
Q: What does this economic trend measure?
A: The 'Unemployed Persons in Rhode Island' trend measures the total number of individuals in the state who are without jobs and actively searching for employment.
Q: Why is this trend relevant for users or analysts?
A: This trend is crucial for understanding the state of the Rhode Island labor market and evaluating the overall health of the state's economy. It informs policymakers, economists, and market analysts in their decision-making.
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: Policymakers use this trend to assess employment conditions, inform workforce development initiatives, and guide decisions related to social programs and economic development in Rhode Island.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with a typical release lag of around two to three weeks.
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Citation
U.S. Federal Reserve, Unemployed Persons in Rhode Island (LAUST440000000000004A), retrieved from FRED.