Average Weekly Earnings of All Employees: Trade, Transportation, and Utilities in Rhode Island
SMU44000004000000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
936.20
Year-over-Year Change
11.56%
Date Range
1/1/2007 - 7/1/2025
Summary
This economic trend measures the average weekly earnings of all employees in the trade, transportation, and utilities sector in Rhode Island. It provides insight into wage levels and trends in this important part of the state's 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
The Average Weekly Earnings of All Employees: Trade, Transportation, and Utilities in Rhode Island series tracks the mean weekly earnings for workers in these key Rhode Island industries. It is a useful indicator of labor market conditions and purchasing power in the state.
Methodology
The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This metric helps policymakers and analysts assess economic performance and the purchasing power of Rhode Island consumers.
Key Facts
- Rhode Island's trade, transportation, and utilities sector employs over 100,000 workers.
- Average weekly earnings in this sector exceed the state's overall private-sector average.
- Earnings have risen steadily in recent years, indicating economic growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of all employees in Rhode Island's trade, transportation, and utilities sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into wage levels and trends in a key part of Rhode Island's economy, which is important for assessing economic performance and consumer purchasing power.
Q: How is this data collected or calculated?
A: The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess economic conditions and the purchasing power of Rhode Island consumers.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Trade, Transportation, and Utilities in Rhode Island (SMU44000004000000011), retrieved from FRED.