All Employees: Retail Trade in Rhode Island
SMS44000004200000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
46.30
Year-over-Year Change
-2.11%
Date Range
1/1/1990 - 6/1/2025
Summary
The 'All Employees: Retail Trade in Rhode Island' trend tracks the number of people employed in the retail industry in the state of Rhode Island. This metric provides insight into the health and activity of the local consumer economy.
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 data series measures the total number of individuals employed in the retail trade sector in Rhode Island. It is a key indicator of economic activity and consumer demand, as retail jobs are closely tied to consumer spending patterns and the overall state of the local economy.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts monitor this trend to assess the strength of Rhode Island's consumer economy and make informed decisions about economic policy.
Key Facts
- Rhode Island's retail trade sector employs over 50,000 workers.
- Retail jobs account for approximately 10% of total employment in the state.
- The retail trade industry is a significant contributor to Rhode Island's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of individuals employed in the retail trade sector in the state of Rhode Island.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and activity of Rhode Island's consumer economy, as retail jobs are closely tied to consumer spending patterns.
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 analysts monitor this trend to assess the strength of Rhode Island's consumer economy and make informed decisions about economic policy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, All Employees: Retail Trade in Rhode Island (SMS44000004200000001), retrieved from FRED.