All Employees: Financial Activities: Finance and Insurance in Rhode Island
SMU44000005552000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28.60
Year-over-Year Change
4.00%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the finance and insurance industry in Rhode Island. It is an important indicator of the strength and growth of the financial sector in the state.
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 in the finance and insurance industry, which includes banking, insurance, securities, and other financial services. This metric is used to analyze the size and dynamics of the financial services sector in the state's economy.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists monitor this trend to assess the health and competitiveness of Rhode Island's financial industry.
Key Facts
- Rhode Island has a significant financial services industry.
- Finance and insurance is a major employer in the state.
- Employment in this sector has been relatively stable in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the finance and insurance industry in the state of Rhode Island.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the strength and competitiveness of Rhode Island's financial services sector, which is an important part of the state's economy.
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: Policymakers and economists monitor this trend to assess the health and growth of the financial industry in Rhode Island, which can inform economic development strategies and policies.
Q: Are there update delays or limitations?
A: The data is published monthly by the U.S. Federal Reserve, with some lag between the reference period and the release date.
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Citation
U.S. Federal Reserve, All Employees: Financial Activities: Finance and Insurance in Rhode Island (SMU44000005552000001A), retrieved from FRED.