Employed Persons in Rhode Island
LASST440000000000005 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
559,008.00
Year-over-Year Change
-1.22%
Date Range
1/1/1976 - 6/1/2025
Summary
The 'Employed Persons in Rhode Island' trend measures the total number of employed individuals in the state of Rhode Island. This metric is a key indicator of the state's overall economic health 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 data series tracks the monthly employment levels in Rhode Island, providing insights into the state's labor force participation, job creation, and economic performance. Economists and policymakers closely monitor this trend to assess the strength of the local economy and inform policy decisions.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The employment levels in Rhode Island are used to gauge the state's economic conditions and guide policy decisions at the state and federal levels.
Key Facts
- Rhode Island's employment level reached a record high in 2019.
- The COVID-19 pandemic led to a significant drop in employment in Rhode Island in 2020.
- The state's unemployment rate has consistently been higher than the national average.
FAQs
Q: What does this economic trend measure?
A: The 'Employed Persons in Rhode Island' trend measures the total number of employed individuals in the state of Rhode Island, providing insights into the state's labor market conditions.
Q: Why is this trend relevant for users or analysts?
A: This trend is closely monitored by economists and policymakers to assess the strength of Rhode Island's local economy and inform policy decisions at the state and federal levels.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The employment levels in Rhode Island are used to gauge the state's economic conditions and guide policy decisions, particularly related to the labor market and economic development.
Q: Are there update delays or limitations?
A: The data is published monthly by the U.S. Bureau of Labor Statistics, with a short delay between the reference period and the release of the data.
Related Trends
Real Gross Domestic Product: Information (51) in Rhode Island
RIINFORGSP
Monthly State Retail Sales: Sporting Good, Hobby, Musical Instrument and Book Stores in Rhode Island
MSRSRI451
Value of Exports to Turkey from Rhode Island
RITURA052SCEN
Coefficient for Electric Power Carbon Dioxide Emissions, Residual Fuel for Rhode Island
EMISSCO2CRFEIBRIA
Gross Domestic Product: Durable Goods Manufacturing (321, 327-339) in Rhode Island
RIDURMANNQGSP
Value of Exports to Italy from Rhode Island
RIITAA052SCEN
Citation
U.S. Federal Reserve, Employed Persons in Rhode Island (LASST440000000000005), retrieved from FRED.