All Employees: Educational Services: Colleges, Universities, and Professional Schools in Rhode Island
SMU44000006561130001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17.00
Year-over-Year Change
4.94%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the educational services industry, specifically colleges, universities, and professional schools in Rhode Island. It provides insights into the labor market and economic activity within the state's higher education 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: Educational Services: Colleges, Universities, and Professional Schools in Rhode Island metric tracks the employment levels at these institutions, which are a significant part of the state's economy. This data is used by economists and policymakers to analyze trends in the education industry and its impact on the broader economic landscape.
Methodology
The data is collected through monthly surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for understanding the health and growth of Rhode Island's higher education sector, which can inform policy decisions and investment strategies.
Key Facts
- Rhode Island has over 20 colleges and universities.
- The education sector employs over 25,000 people in the state.
- Employment in this industry has grown by 5% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the educational services industry, specifically colleges, universities, and professional schools located in the state of Rhode Island.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the labor market and economic activity within Rhode Island's higher education sector, which is a significant part of 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: This trend is relevant for understanding the health and growth of Rhode Island's higher education sector, which can inform policy decisions and investment strategies.
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: Educational Services: Colleges, Universities, and Professional Schools in Rhode Island (SMU44000006561130001A), retrieved from FRED.