All Employees: Financial Activities: Credit Intermediation and Related Activities Including Monetary Authorities - Central Bank in Rhode Island
SMU44000005552200001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.10
Year-over-Year Change
-1.94%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend tracks the total number of employees in the credit intermediation and related activities industry, including the central bank, in the state of Rhode Island. It provides insight into the size and health of this key financial sector within 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: Credit Intermediation and Related Activities Including Monetary Authorities - Central Bank in Rhode Island data series measures the employment levels in this industry, which encompasses banks, credit unions, and other financial institutions that facilitate the flow of capital. This metric is used by economists and policymakers to assess the financial industry's contribution to the state's overall economic activity.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for understanding Rhode Island's financial services sector and its role in the state's economic performance.
Key Facts
- Rhode Island has a significant financial services industry.
- Credit intermediation and related activities are a major employer in the state.
- This trend provides insight into the health of Rhode Island's financial sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the credit intermediation and related activities industry, including the central bank, within the state of Rhode Island.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the size and performance of Rhode Island's financial services sector, which is an important contributor to the state's overall economic activity.
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: This trend is used by economists and policymakers to assess the health and growth of Rhode Island's financial industry, which can inform economic development strategies and financial regulations.
Q: Are there update delays or limitations?
A: The data is subject to the timeliness and accuracy of the surveys conducted by the Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, All Employees: Financial Activities: Credit Intermediation and Related Activities Including Monetary Authorities - Central Bank in Rhode Island (SMU44000005552200001), retrieved from FRED.