All Employees: Health Care and Social Assistance in Rhode Island
SMU44000006562000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
85.30
Year-over-Year Change
7.43%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the health care and social assistance industry in Rhode Island. It is an important indicator of the state's health care sector and 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: Health Care and Social Assistance in Rhode Island data series tracks the total number of individuals employed in the health care and social assistance industry within the state. This metric provides insight into the size and growth of this crucial economic sector.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to assess the health and resilience of Rhode Island's health care industry and its broader economic conditions.
Key Facts
- Rhode Island's health care and social assistance sector employs over 80,000 workers.
- This industry accounts for approximately 20% of the state's total employment.
- Employment in this sector has grown by over 10% in the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the health care and social assistance industry within the state of Rhode Island.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insight into the size and growth of Rhode Island's health care sector, which is a crucial component 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 analysts use this trend to assess the health and resilience of Rhode Island's health care industry and its broader economic conditions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical one-month lag in availability.
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Citation
U.S. Federal Reserve, All Employees: Health Care and Social Assistance in Rhode Island (SMU44000006562000001A), retrieved from FRED.