Average Weekly Earnings of All Employees: Total Private in Rhode Island
SMU44000000500000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,229.64
Year-over-Year Change
4.00%
Date Range
1/1/2007 - 6/1/2025
Summary
The Average Weekly Earnings of All Employees: Total Private in Rhode Island tracks the average weekly earnings of private sector workers in the state. This metric provides insights into the state of the Rhode Island labor market and economic 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 series measures the average weekly earnings of all private sector employees in Rhode Island, including both full-time and part-time workers. It is an important indicator of the state's economic performance and can help inform policy decisions.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists use this trend to assess the strength of the Rhode Island labor market and broader economic conditions.
Key Facts
- Rhode Island's average weekly earnings were $1,067 in January 2023.
- The trend has shown steady growth over the past 5 years.
- Private sector employment accounts for about 80% of total employment in Rhode Island.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of all private sector employees in Rhode Island, including both full-time and part-time workers.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the strength of the Rhode Island labor market and broader economic conditions, which is important for policymakers, businesses, and individuals.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the state of the Rhode Island labor market and make informed decisions about economic policies and programs.
Q: Are there update delays or limitations?
A: The data is typically released on a monthly basis, with a slight delay. There may be some limitations in capturing the full scope of the Rhode Island private sector workforce.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Total Private in Rhode Island (SMU44000000500000011), retrieved from FRED.