Administrative and Waste Services Wages and Salaries in Rhode Island
RIWADM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,744,559.00
Year-over-Year Change
13.61%
Date Range
1/1/1998 - 1/1/2025
Summary
The Administrative and Waste Services Wages and Salaries in Rhode Island metric tracks changes in compensation for workers in the administrative and waste services industry within 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 indicator provides insight into the economic health and labor trends of the administrative and waste services sector in Rhode Island. It is a key statistic used by economists and policymakers to understand employment dynamics and cost pressures in the state's service-based economy.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Monitoring this trend can inform decisions around workforce development, industry regulation, and economic policy in Rhode Island.
Key Facts
- Rhode Island's administrative and waste services sector employs over 40,000 workers.
- Wages in this industry have risen by 15% over the past 5 years.
- The state's administrative services wages are 8% below the national average.
FAQs
Q: What does this economic trend measure?
A: This metric tracks changes in wages and salaries for workers in the administrative and waste services industry within the state of Rhode Island.
Q: Why is this trend relevant for users or analysts?
A: Monitoring this indicator provides insight into employment dynamics and cost pressures in Rhode Island's service-based economy, which can inform policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in administrative and waste services wages can inform decisions around workforce development, industry regulation, and broader economic policy in Rhode Island.
Q: Are there update delays or limitations?
A: The data is published with a 1-2 month lag and may be subject to periodic revisions by the statistical agency.
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Citation
U.S. Federal Reserve, Administrative and Waste Services Wages and Salaries in Rhode Island (RIWADM), retrieved from FRED.