All Employees: Financial Activities: Insurance Carriers and Related Activities in Rhode Island
SMU44000005552400001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.56
Year-over-Year Change
-2.15%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures the number of all employees in the insurance carriers and related activities industry in Rhode Island. It provides insights into the state's financial services sector 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: Financial Activities: Insurance Carriers and Related Activities in Rhode Island indicator tracks employment levels in this key industry within the state's financial services landscape. It is used by economists and policymakers to monitor labor market trends and gauge the health of the local economy.
Methodology
The data is collected through surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is relevant for understanding the dynamics of Rhode Island's insurance and financial services industry and its broader economic implications.
Key Facts
- Rhode Island has a significant insurance industry employment base.
- This trend has shown moderate growth over the past decade.
- Insurance carriers and related activities are a major contributor to the state's economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of all employees in the insurance carriers and related activities industry in the state of Rhode Island.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the health and dynamics of Rhode Island's financial services sector, which is an important contributor to the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments conducted 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 monitor labor market conditions and gauge the overall economic activity in Rhode Island's insurance and financial services industry.
Q: Are there update delays or limitations?
A: The data is subject to typical publication lags and may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, All Employees: Financial Activities: Insurance Carriers and Related Activities in Rhode Island (SMU44000005552400001SA), retrieved from FRED.