All Employees: Retail Trade: Health and Personal Care Retailers in Rhode Island
SMU44000004245600001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.10
Year-over-Year Change
-2.38%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the total number of employees in the health and personal care retail industry in Rhode Island. It provides insights into the strength and labor dynamics of this important 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: Retail Trade: Health and Personal Care Retailers in Rhode Island series tracks the employment levels in this specific retail segment, which includes pharmacies, drug stores, cosmetic stores, and other personal care businesses. This data is a key indicator of consumer demand and economic activity in the health and wellness market.
Methodology
The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts monitor this trend to assess the health of Rhode Island's retail and consumer-facing industries.
Key Facts
- Rhode Island has over 8,000 health and personal care retail employees.
- This sector accounts for 14% of the state's total retail workforce.
- Employment in this industry has grown by 3.2% over the past year.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the health and personal care retail industry in the state of Rhode Island.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into consumer demand, spending patterns, and economic conditions in an important sector of Rhode Island's economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of business 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 health of Rhode Island's retail and consumer-facing industries, which can inform economic development strategies and consumer protection policies.
Q: Are there update delays or limitations?
A: The data is published with a one-month lag, so there may be delays in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, All Employees: Retail Trade: Health and Personal Care Retailers in Rhode Island (SMU44000004245600001), retrieved from FRED.