All Employees: Leisure and Hospitality: Accommodation and Food Services in Rhode Island
SMU44000007072000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
57.70
Year-over-Year Change
2.85%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the total number of employees in the leisure and hospitality sector, specifically in the accommodation and food services industry, within the state of Rhode Island. It provides valuable insights into the strength and resilience of this crucial service-based industry.
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: Leisure and Hospitality: Accommodation and Food Services in Rhode Island metric tracks the total employment in businesses such as hotels, restaurants, and other hospitality-related establishments across the state. This data is widely used by economists, policymakers, and industry analysts to assess the health and performance of Rhode Island's service-oriented economy.
Methodology
The data is collected through monthly surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by policymakers and stakeholders to understand the impact of economic conditions, consumer demand, and industry-specific factors on the leisure and hospitality sector in Rhode Island.
Key Facts
- Rhode Island has a significant leisure and hospitality industry, accounting for over 10% of the state's total employment.
- The accommodation and food services sector was heavily impacted by the COVID-19 pandemic, experiencing significant job losses in 2020.
- Employment in this sector has gradually recovered since the pandemic, but has not yet returned to pre-pandemic levels.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the leisure and hospitality sector, specifically in the accommodation and food services industry, within the state of Rhode Island.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the health and performance of a crucial service-based industry in Rhode Island, which is closely monitored by economists, policymakers, and industry stakeholders.
Q: How is this data collected or calculated?
A: The data is collected through monthly 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 stakeholders closely monitor this trend to understand the impact of economic conditions, consumer demand, and industry-specific factors on the leisure and hospitality sector in Rhode Island.
Q: Are there update delays or limitations?
A: The data is published monthly, but may be subject to revisions and updates by the data source.
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Citation
U.S. Federal Reserve, All Employees: Leisure and Hospitality: Accommodation and Food Services in Rhode Island (SMU44000007072000001), retrieved from FRED.