All Employees: Construction in Rhode Island
RICONS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22.70
Year-over-Year Change
2.71%
Date Range
1/1/1990 - 6/1/2025
Summary
The 'All Employees: Construction in Rhode Island' metric tracks the number of people employed in the construction industry within the state of Rhode Island. This data provides insight into the strength and activity of the construction sector, an important component of the state's economy.
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 measures the total number of employees in the construction industry in Rhode Island. It is a key indicator of economic conditions, as construction activity and employment levels often reflect broader trends in investment, development, and consumer demand.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists monitor this metric to assess the health of Rhode Island's construction industry and broader economic climate.
Key Facts
- Rhode Island construction employment peaked in 2006 at over 20,000 jobs.
- The sector was hit hard during the Great Recession, losing nearly 40% of its workforce.
- As of 2022, construction employment in Rhode Island has recovered to around 16,000 jobs.
FAQs
Q: What does this economic trend measure?
A: The 'All Employees: Construction in Rhode Island' metric measures the total number of people employed in the construction industry within the state of Rhode Island.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the strength and activity of the construction sector, which is an important component of Rhode Island's economy. It is closely monitored by policymakers and economists to assess broader economic conditions.
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 use this metric to monitor the health of Rhode Island's construction industry and broader economic climate, informing policy decisions and economic forecasting.
Q: Are there update delays or limitations?
A: The data is published monthly by the U.S. Federal Reserve, with a typical delay of several weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, All Employees: Construction in Rhode Island (RICONS), retrieved from FRED.