All Employees: Retail Trade: Department Stores in Rhode Island
SMU44000004245510001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.20
Year-over-Year Change
-3.03%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures employment in department stores within the retail trade sector in Rhode Island. It provides valuable insights into the health and activity of a key component 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 All Employees: Retail Trade: Department Stores in Rhode Island metric tracks the number of people employed in department store operations as part of the broader retail trade industry within the state. This data point is widely used by economists and policymakers to analyze consumer spending patterns and gauge the overall performance of the retail sector.
Methodology
The data is collected through surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in department store employment are closely monitored by industry analysts, investors, and government officials to assess the strength of consumer demand and the broader economic climate.
Key Facts
- Department stores account for a significant portion of Rhode Island's retail industry.
- Employment in this sector reflects consumer spending patterns and overall economic conditions.
- Trends in department store employment can signal changes in the state's economic performance.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in department store operations within the retail trade sector in the state of Rhode Island.
Q: Why is this trend relevant for users or analysts?
A: Trends in department store employment provide valuable insights into consumer spending patterns and the overall performance of the retail industry, which is a key component of Rhode Island's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts closely monitor department store employment trends to assess the strength of consumer demand and make informed decisions regarding economic policies and interventions.
Q: Are there update delays or limitations?
A: The data is subject to typical government survey publication schedules and may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, All Employees: Retail Trade: Department Stores in Rhode Island (SMU44000004245510001), retrieved from FRED.