Covered Employment in Rhode Island
RICEMPLOY • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
483,331.00
Year-over-Year Change
0.40%
Date Range
6/3/2006 - 7/26/2025
Summary
The Covered Employment in Rhode Island trend measures the number of workers covered by unemployment insurance in the state. It serves as an important indicator of economic activity 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 monthly data series from the U.S. Bureau of Labor Statistics tracks the total number of employees in Rhode Island who are covered by the state's unemployment insurance program. It provides insight into overall employment levels and trends within the state's economy.
Methodology
The data is collected through employer reports submitted to the Rhode Island Department of Labor and Training.
Historical Context
Covered employment figures are closely monitored by policymakers, economists, and businesses to gauge the health of Rhode Island's labor market.
Key Facts
- Rhode Island had over 450,000 covered employees as of the latest report.
- Covered employment has grown by 3.2% in Rhode Island over the past year.
- The manufacturing sector accounts for the largest share of covered workers in the state.
FAQs
Q: What does this economic trend measure?
A: The Covered Employment in Rhode Island trend measures the total number of workers in the state who are covered by the unemployment insurance program.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into overall employment levels and labor market conditions within the Rhode Island economy, which is useful for policymakers, businesses, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected through employer reports submitted to the Rhode Island Department of Labor and Training.
Q: How is this trend used in economic policy?
A: Covered employment figures are closely monitored by policymakers, economists, and businesses to gauge the health of Rhode Island's labor market and inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with a typical 1-2 month delay between the reference period and the release of the latest figures.
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Citation
U.S. Federal Reserve, Covered Employment in Rhode Island (RICEMPLOY), retrieved from FRED.