All Employees: Management of Companies and Enterprises in Rhode Island
SMU44000006055000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.30
Year-over-Year Change
-4.63%
Date Range
1/1/2008 - 1/1/2024
Summary
This economic trend measures the total number of employees in the management of companies and enterprises industry in Rhode Island. It provides insight into the state's business services sector and overall economic activity.
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: Management of Companies and Enterprises in Rhode Island data series tracks the monthly employment levels for this key industry, which includes companies that hold the securities of other companies and enterprises. This metric is used by economists and policymakers to gauge the health and growth of Rhode Island's professional services and corporate management sectors.
Methodology
The data is collected through monthly surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in management employment can signal changes in business investment, confidence, and economic conditions in Rhode Island.
Key Facts
- Rhode Island has over 18,000 management employees.
- Management employment accounts for 3.7% of total jobs in the state.
- The industry has seen 10% growth over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the monthly employment levels in the management of companies and enterprises industry in the state of Rhode Island.
Q: Why is this trend relevant for users or analysts?
A: Trends in management employment can provide insights into the health and growth of Rhode Island's professional services and corporate sectors, which are important contributors to the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this metric to gauge business investment, confidence, and overall economic conditions in Rhode Island.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, All Employees: Management of Companies and Enterprises in Rhode Island (SMU44000006055000001A), retrieved from FRED.