Other Services (except Public Administration) Earnings in Rhode Island
RIEOTH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,773,693.00
Year-over-Year Change
20.42%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Other Services (except Public Administration) Earnings in Rhode Island' trend measures the average weekly earnings of workers in the 'Other Services' sector, excluding public administration, in the state of Rhode Island. This metric provides insight into the income and economic conditions of a critical segment of the Rhode Island workforce.
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 'Other Services' sector encompasses a diverse range of businesses, from personal care services to religious organizations. Tracking earnings in this sector helps economists and policymakers understand the broader economic dynamics beyond just manufacturing or retail.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is used to monitor the overall health of the Rhode Island economy and inform policy decisions.
Key Facts
- The 'Other Services' sector accounts for over 7% of Rhode Island's total employment.
- Average weekly earnings in this sector have increased by 12% over the past 5 years.
- Rhode Island's 'Other Services' earnings are slightly below the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of workers in the 'Other Services' sector, excluding public administration, in the state of Rhode Island.
Q: Why is this trend relevant for users or analysts?
A: Tracking earnings in the 'Other Services' sector provides insight into the broader economic conditions and income levels of a critical segment of the Rhode Island workforce.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This metric is used to monitor the overall health of the Rhode Island economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Other Services (except Public Administration) Earnings in Rhode Island (RIEOTH), retrieved from FRED.