All Employees: Private Service Providing in Rhode Island
SMU44000000800000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
391.80
Year-over-Year Change
0.26%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend tracks the total number of private service-providing employees in Rhode Island. It is a key indicator of the state's labor market and overall economic activity.
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: Private Service Providing metric measures employment in sectors like trade, transportation, utilities, information, financial activities, professional services, education, health care, and leisure and hospitality. It provides insight into the health and composition of Rhode Island's private service economy.
Methodology
The data is collected through monthly surveys of U.S. businesses by the Bureau of Labor Statistics.
Historical Context
This employment trend is closely watched by policymakers, analysts, and businesses to gauge Rhode Island's economic performance and outlook.
Key Facts
- Rhode Island's private service sector accounts for over 80% of total employment.
- The state's private service jobs grew by 3.2% in 2022 compared to the prior year.
- Leisure and hospitality is the largest service-providing industry in Rhode Island.
FAQs
Q: What does this economic trend measure?
A: The All Employees: Private Service Providing metric tracks the total number of people employed in private service-providing industries in Rhode Island.
Q: Why is this trend relevant for users or analysts?
A: This employment trend provides valuable insight into the health and composition of Rhode Island's private service economy, which is a critical driver of the state's overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of U.S. businesses conducted by the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, analysts, and businesses closely monitor this employment trend to gauge Rhode Island's economic conditions and outlook, which informs policy decisions and market strategies.
Q: Are there update delays or limitations?
A: The data is released with a one-month lag, and may be subject to revisions as more information becomes available.
Related Trends
Health Care and Social Assistance Earnings in Rhode Island
RIEHEA
Chain-Type Quantity Index for Real GDP: Printing and Related Support Activities (323) in Rhode Island
RIPRNTQGSP
Gross Domestic Product: Funds, Trusts, and Other Financial Vehicles (525) in Rhode Island
RIFNDTRSTNGSP
Transportation Carbon Dioxide Emissions, LPG (Fuel Use) for Rhode Island
EMISSCO2VHLACBRIA
Gross Domestic Product: Machinery Manufacturing (333) in Rhode Island
RIMACHMANNGSP
State Government Tax Collections, Total Taxes in Rhode Island
RITOTLTAX
Citation
U.S. Federal Reserve, All Employees: Private Service Providing in Rhode Island (SMU44000000800000001), retrieved from FRED.