All Employees: Transportation and Utilities: Transportation, Warehousing, and Utilities in Rhode Island
Annual
SMU44000004300000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.70
Year-over-Year Change
25.69%
Date Range
1/1/1990 - 1/1/2024
Summary
The Annual trend measures total annual employment in the Retail Trade sector in the United States. This metric is a key indicator of economic activity and consumer demand.
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 Annual trend represents the total number of employees in the Retail Trade industry across the U.S. on an annual basis. This data point is widely used by economists and policymakers to analyze labor market trends and assess the overall health of the retail sector.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Retail employment figures are closely watched by the Federal Reserve and other government agencies to inform economic and monetary policy decisions.
Key Facts
- Annual retail employment peaked at over 15.8 million in 2019.
- Retail jobs declined sharply in 2020 due to the COVID-19 pandemic.
- The Retail Trade sector accounts for over 10% of total U.S. employment.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the total number of employees in the Retail Trade sector across the United States on an annual basis.
Q: Why is this trend relevant for users or analysts?
A: Retail employment is a key indicator of consumer demand and overall economic activity, making this trend highly relevant for economists, policymakers, and market analysts.
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: Retail employment figures are closely monitored by the Federal Reserve and other government agencies to inform economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The Annual data is published with a short delay, typically a few months after the end of the calendar year.
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Citation
U.S. Federal Reserve, Annual (SMU44000004300000001A), retrieved from FRED.