All Employees: Trade, Transportation, and Utilities in Rhode Island
RITRAD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
77.50
Year-over-Year Change
0.52%
Date Range
1/1/1990 - 6/1/2025
Summary
The 'All Employees: Trade, Transportation, and Utilities in Rhode Island' series measures the total number of employees in these key economic sectors within the state of Rhode Island. This data provides crucial insights into the state's economic activity and employment trends.
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 employment levels across trade, transportation, and utilities industries in Rhode Island. These sectors are vital components of the state's economy, and their performance can serve as a barometer for overall economic health and consumer demand.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists closely monitor this employment trend to assess the strength of Rhode Island's economy and guide economic and workforce development strategies.
Key Facts
- Rhode Island's trade, transportation, and utilities sectors employ over 100,000 workers.
- This trend has shown steady growth since the Great Recession, reflecting the state's economic recovery.
- The utilities component includes electricity, gas, and water supply industries.
FAQs
Q: What does this economic trend measure?
A: The 'All Employees: Trade, Transportation, and Utilities in Rhode Island' series tracks the total number of workers employed in these key economic sectors within the state.
Q: Why is this trend relevant for users or analysts?
A: This data provides valuable insights into the strength and performance of Rhode Island's economy, as trade, transportation, and utilities are crucial drivers of economic activity and employment.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this employment trend to assess the state's economic health and guide workforce development and economic strategies.
Q: Are there update delays or limitations?
A: The data is typically published with a one-month lag and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Trade, Transportation, and Utilities in Rhode Island (RITRAD), retrieved from FRED.