All Employees: Accommodation in Rhode Island
SMU44000007072100001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.30
Year-over-Year Change
46.51%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total employment in the accommodation industry in the state of Rhode Island. It is an important indicator of the health and activity of the state's tourism and hospitality sectors.
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: Accommodation in Rhode Island series tracks the total number of people employed in Rhode Island's accommodation industry, which includes hotels, motels, and other lodging facilities. This data provides insights into the strength and performance of the state's tourism and travel-related economy.
Methodology
The data is collected through surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and industry analysts use this trend to monitor the vitality of Rhode Island's hospitality sector and make informed decisions about economic development, tourism promotion, and other relevant policies.
Key Facts
- Rhode Island's accommodation industry employs over 10,000 people.
- The accommodation sector accounts for approximately 3% of Rhode Island's total employment.
- Employment in Rhode Island's accommodation industry has grown by 15% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the accommodation industry in the state of Rhode Island, including hotels, motels, and other lodging facilities.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the health and performance of Rhode Island's tourism and hospitality sectors, which are important drivers of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this trend to monitor the vitality of Rhode Island's hospitality sector and make informed decisions about economic development, tourism promotion, and other relevant policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical delay of 1-2 months. There may be revisions to previous month's figures as more complete data becomes available.
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Citation
U.S. Federal Reserve, All Employees: Accommodation in Rhode Island (SMU44000007072100001A), retrieved from FRED.