All Employees: Financial Activities: Finance and Insurance in Rhode Island
SMU44000005552000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28.30
Year-over-Year Change
-1.05%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the total number of employees in the finance and insurance industry in Rhode Island. It provides insight into the strength and growth of this key sector 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: Financial Activities: Finance and Insurance in Rhode Island series tracks the total employment levels in the finance and insurance industry, which includes banking, securities, insurance, and other financial services. This data is used by policymakers and analysts to assess the economic health and competitiveness of Rhode Island's financial sector.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is an important indicator for monitoring the financial services industry, which is a major contributor to Rhode Island's economy.
Key Facts
- Rhode Island has over 40,000 finance and insurance workers.
- The finance and insurance sector accounts for 8% of Rhode Island's total employment.
- This industry has seen steady job growth in Rhode Island over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the finance and insurance industry in the state of Rhode Island.
Q: Why is this trend relevant for users or analysts?
A: This employment data provides important insights into the strength and competitiveness of Rhode Island's financial services sector, a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this employment data to monitor the health and growth of Rhode Island's finance and insurance industry, which informs economic development strategies and policies.
Q: Are there update delays or limitations?
A: This data is published monthly with a typical 1-2 month delay, providing timely insights but with some lag compared to real-time conditions.
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Citation
U.S. Federal Reserve, All Employees: Financial Activities: Finance and Insurance in Rhode Island (SMU44000005552000001), retrieved from FRED.