All Employees: Leisure and Hospitality in Rhode Island
SMU44000007000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
60.40
Year-over-Year Change
16.60%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Leisure and Hospitality in Rhode Island' trend measures the total number of employees in the leisure and hospitality sector in the state of Rhode Island. This data is a key indicator of economic activity and consumer demand in the region.
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
This series tracks the monthly employment levels in Rhode Island's leisure and hospitality industry, which includes establishments such as hotels, restaurants, bars, and entertainment venues. It provides insight into the strength of the local service-based economy and consumer spending patterns.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to assess the health of Rhode Island's tourism and service industries and make informed decisions about economic policy.
Key Facts
- Rhode Island's leisure and hospitality sector employs over 60,000 workers.
- Employment in this sector has rebounded to pre-pandemic levels.
- The industry accounts for over 10% of Rhode Island's total nonfarm employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the leisure and hospitality sector in the state of Rhode Island, including workers in hotels, restaurants, bars, and entertainment venues.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the strength of Rhode Island's service-based economy and consumer spending patterns, which is important for policymakers and analysts to assess the health of the state's tourism and hospitality industries.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business 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 make informed decisions about economic policy, as it reflects the performance of Rhode Island's leisure and hospitality sector, a key driver of the state's economy.
Q: Are there update delays or limitations?
A: The data is published monthly by the U.S. Bureau of Labor Statistics, with some potential for minor delays in release.
Related Trends
Real Gross Domestic Product: Nondurable Goods Manufacturing (311-316, 322-326) in Rhode Island
RINDURMANRGSP
Average Weekly Hours of All Employees: Goods Producing in Rhode Island
SMU44000000600000002A
Regional Price Parities: Goods for Rhode Island
RIRPPGOOD
All Employees: Education and Health Services: Nursing and Residential Care Facilities in Rhode Island
SMU44000006562300001
Durable Manufacturing Earnings in Rhode Island
RIEDUR
Other Services (except Public Administration) Earnings in Rhode Island
RIEOTH
Citation
U.S. Federal Reserve, All Employees: Leisure and Hospitality in Rhode Island (SMU44000007000000001A), retrieved from FRED.