Employed Involuntary Part-Time for Rhode Island
INVOLPTEMPRI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14,500.00
Year-over-Year Change
-25.64%
Date Range
10/1/2003 - 7/1/2024
Summary
The 'Employed Involuntary Part-Time for Rhode Island' indicator measures the number of Rhode Island residents who are employed part-time against their will, rather than by choice. This metric provides insight into the state's underemployment levels and labor market conditions.
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 number of Rhode Island workers who are employed part-time but would prefer full-time work. It is an important economic indicator for evaluating labor market slack and the degree of underemployment in the state.
Methodology
The data is collected through the U.S. Current Population Survey.
Historical Context
Policymakers and economists use this metric to assess the strength of the Rhode Island labor market and gauge the need for interventions to boost employment.
Key Facts
- Rhode Island's involuntary part-time employment rate is higher than the national average.
- Involuntary part-time work rose sharply during the Great Recession and has remained elevated.
- Reducing involuntary part-time employment is a key policy goal for improving economic conditions in Rhode Island.
FAQs
Q: What does this economic trend measure?
A: The 'Employed Involuntary Part-Time for Rhode Island' indicator tracks the number of Rhode Island residents who are employed part-time but would prefer full-time work.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into labor market slack and underemployment in Rhode Island, which is crucial information for policymakers and economists assessing the state's economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Current Population Survey.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to evaluate the strength of the Rhode Island labor market and determine the need for interventions to boost employment.
Q: Are there update delays or limitations?
A: The data is subject to the same update schedule and potential limitations as the broader U.S. Current Population Survey.
Related Trends
Chain-Type Quantity Index for Real GDP: Government and Government Enterprises (92) in Rhode Island
RIGOVQGSP
Gross Domestic Product: Finance and Insurance (52) in Rhode Island
RIFININSNQGSP
Chain-Type Quantity Index for Real GDP: Transportation and Warehousing (48-49) in Rhode Island
RITRANSWAREQGSP
Average Hourly Earnings of All Employees: Trade, Transportation, and Utilities in Rhode Island
SMU44000004000000003A
Real Gross Domestic Product: Miscellaneous Manufacturing (339) in Rhode Island
RIMISCMANRGSP
All Employees: Professional and Business Services: Administrative and Support and Waste Management and Remediation Services in Rhode Island
SMU44000006056000001
Citation
U.S. Federal Reserve, Employed Involuntary Part-Time for Rhode Island (INVOLPTEMPRI), retrieved from FRED.