All Employees: Financial Activities: Finance and Insurance in Rhode Island
SMS44000005552000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28.30
Year-over-Year Change
-1.05%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the total number of employees in the finance and insurance industry in Rhode Island. It provides insights into the health and growth of this critical sector 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
The All Employees: Financial Activities: Finance and Insurance in Rhode Island metric tracks employment levels in Rhode Island's finance and insurance industry, which includes banking, securities, insurance, and other financial services. This data is used by economists and policymakers to assess economic conditions and guide policy decisions.
Methodology
The data is collected through surveys of businesses and establishments in Rhode Island.
Historical Context
This employment trend is a key indicator of the finance and insurance industry's contribution to Rhode Island's overall economic performance.
Key Facts
- Rhode Island's finance and insurance industry employs over 34,000 people.
- This sector accounts for nearly 8% of the state's total employment.
- Employment in Rhode Island's finance and insurance industry has grown by 12% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the finance and insurance industry in the state of Rhode Island.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the health and growth of a critical sector of Rhode Island's economy, which is important for economists, policymakers, and investors.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments in Rhode Island.
Q: How is this trend used in economic policy?
A: This employment trend is a key indicator of the finance and insurance industry's contribution to Rhode Island's overall economic performance, and is used by policymakers to guide decisions and policies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical update delay of 1-2 months.
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Citation
U.S. Federal Reserve, All Employees: Financial Activities: Finance and Insurance in Rhode Island (SMS44000005552000001), retrieved from FRED.