All Employees: Financial Activities in Rhode Island
RIFIRE • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
34.90
Year-over-Year Change
-1.13%
Date Range
1/1/1990 - 6/1/2025
Summary
The 'All Employees: Financial Activities in Rhode Island' trend measures the total number of employees in the financial sector within the state of Rhode Island. This data provides insight into the overall health and activity of the financial industry 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
This metric tracks employment levels across various financial services sub-sectors in Rhode Island, including banking, insurance, securities, and real estate. It is a key indicator of economic conditions and financial industry performance within the state.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to assess the financial sector's contribution to the Rhode Island economy and guide policy decisions.
Key Facts
- Rhode Island's financial activities sector employs over 30,000 workers.
- Employment in this sector has grown by 8% over the past 5 years.
- Financial activities account for nearly 10% of Rhode Island's total employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the financial activities sector within the state of Rhode Island, including banking, insurance, securities, and real estate.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and performance of Rhode Island's financial industry, which is a significant contributor to the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the financial sector's contribution to the Rhode Island economy and guide policy decisions related to the industry.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, All Employees: Financial Activities in Rhode Island (RIFIRE), retrieved from FRED.