Utilities Wages and Salaries in Rhode Island
RIWUTI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
222,826.00
Year-over-Year Change
64.98%
Date Range
1/1/1998 - 1/1/2025
Summary
The Utilities Wages and Salaries in Rhode Island trend measures the average wages and salaries paid to workers in the utilities industry within the state. This metric provides insight into labor costs and economic activity in a key sector.
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 Utilities Wages and Salaries in Rhode Island series tracks the average hourly and weekly earnings of employees in utilities companies located in the state. This helps economists and policymakers monitor the financial health and competitiveness of this critical infrastructure industry.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Utilities wages are an important input for economic models and can signal broader trends in the state's labor market and business environment.
Key Facts
- Rhode Island utilities wages averaged $45.12 per hour in 2022.
- Utilities sector wages in Rhode Island are 23% higher than the state's overall average.
- The utilities industry accounts for 1.2% of total employment in Rhode Island.
FAQs
Q: What does this economic trend measure?
A: The Utilities Wages and Salaries in Rhode Island trend tracks the average hourly and weekly earnings of workers employed in the utilities industry within the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into labor costs and economic conditions in a critical infrastructure sector, which is valuable for economic modeling, policy analysis, and business planning.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Utilities wages are an important input for economic models and can signal broader trends in the state's labor market and business environment, informing policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a lag of several weeks.
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Citation
U.S. Federal Reserve, Utilities Wages and Salaries in Rhode Island (RIWUTI), retrieved from FRED.