All Employees: Service-Providing in Rhode Island
SMU44000000700000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
454.50
Year-over-Year Change
0.87%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the total number of service-providing employees in the state of Rhode Island. It serves as an important indicator of the overall health and growth of the state's service sector.
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 All Employees: Service-Providing in Rhode Island metric tracks the total employment in service-providing industries within the state, including sectors such as trade, transportation, utilities, information, financial activities, professional and business services, education, health care, leisure, and hospitality.
Methodology
The data is collected through the Current Employment Statistics (CES) survey, a monthly survey of businesses and government agencies.
Historical Context
This employment trend is closely monitored by policymakers, economists, and businesses to assess the state's economic performance and guide decision-making.
Key Facts
- Rhode Island has a population of over 1 million people.
- The service sector accounts for over 80% of Rhode Island's GDP.
- Employment in Rhode Island's service-providing industries has grown by 5% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in service-providing industries within the state of Rhode Island, including sectors such as trade, transportation, utilities, and healthcare.
Q: Why is this trend relevant for users or analysts?
A: This employment metric is an important indicator of the overall health and growth of Rhode Island's service sector, which is a crucial component of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through the monthly Current Employment Statistics (CES) survey, which surveys businesses and government agencies.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and businesses closely monitor this service-providing employment trend to assess Rhode Island's economic performance and guide decision-making.
Q: Are there update delays or limitations?
A: The CES data is released monthly, with a slight delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Service-Providing in Rhode Island (SMU44000000700000001), retrieved from FRED.