All Employees: Federal Government in Rhode Island
SMU44000009091000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.90
Year-over-Year Change
15.53%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Federal Government in Rhode Island' trend measures the total number of federal government employees in the state of Rhode Island. This data provides insight into the size and composition of the public sector workforce 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 economic indicator tracks the total employment levels of federal government workers in Rhode Island. It is a useful metric for analyzing the role of the public sector in the state's labor market and broader economy.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists closely monitor trends in public sector employment to understand the size and influence of government on regional economies.
Key Facts
- Rhode Island had 10,200 federal government employees as of the latest data.
- Federal government jobs account for about 2% of total employment in Rhode Island.
- The federal workforce in Rhode Island has declined by 5% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: The 'All Employees: Federal Government in Rhode Island' metric tracks the total number of federal government workers employed in the state of Rhode Island.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the size and composition of the public sector workforce in Rhode Island, which is an important factor in understanding the state's overall economic landscape.
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 economists closely monitor trends in public sector employment to understand the size and influence of government on regional economies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, but may be subject to revisions and delays in reporting.
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Citation
U.S. Federal Reserve, All Employees: Federal Government in Rhode Island (SMU44000009091000001A), retrieved from FRED.