Labor Force Participation Rate for Rhode Island
LBSSA44 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
63.60
Year-over-Year Change
-1.40%
Date Range
1/1/1976 - 6/1/2025
Summary
The Labor Force Participation Rate for Rhode Island measures the percentage of the state's civilian noninstitutional population that is employed or actively seeking work. This key economic indicator provides insights into the strength and dynamics of Rhode Island's labor market.
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 Labor Force Participation Rate tracks the active portion of Rhode Island's working-age population. It is an important metric used by economists and policymakers to assess employment trends, workforce participation, and overall economic conditions within the state.
Methodology
This data is collected through the Current Population Survey (CPS), a monthly survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Historical Context
The Labor Force Participation Rate for Rhode Island is closely monitored by the Federal Reserve and other institutions to inform economic policy decisions.
Key Facts
- Rhode Island's labor force participation rate averaged 63.7% in 2022.
- The rate declined from a high of 67.1% in 2000 to a low of 62.0% in 2015.
- Participation varies by demographic factors such as age, gender, and education level.
FAQs
Q: What does this economic trend measure?
A: The Labor Force Participation Rate for Rhode Island measures the percentage of the state's working-age population that is employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The participation rate is a key indicator of the strength and dynamics of Rhode Island's labor market, providing insights into employment trends, workforce engagement, and overall economic conditions.
Q: How is this data collected or calculated?
A: This data is collected through the Current Population Survey (CPS), a monthly survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Labor Force Participation Rate for Rhode Island is closely monitored by the Federal Reserve and other institutions to inform economic policy decisions.
Q: Are there update delays or limitations?
A: The labor force participation data for Rhode Island is typically released on a monthly basis with a slight delay, and may be subject to revisions as more information becomes available.
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Implicit Regional Price Deflator for Rhode Island
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Value of Exports to Italy from Rhode Island
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Citation
U.S. Federal Reserve, Labor Force Participation Rate for Rhode Island (LBSSA44), retrieved from FRED.