All Employees: Administrative and Support and Waste Management and Remediation Services in Rhode Island
SMU44000006056000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28.30
Year-over-Year Change
17.43%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the administrative, support, waste management, and remediation services industry in Rhode Island. It provides insight into the strength and resilience of this important service sector.
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: Administrative and Support and Waste Management and Remediation Services in Rhode Island data series tracks the total employment levels in this industry group, which includes a diverse range of service activities that support the operations of other organizations.
Methodology
The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely watched by economists and policymakers to assess the health of the local service economy and inform economic development strategies.
Key Facts
- Rhode Island has over 40,000 employees in the administrative and support services industry.
- This sector accounts for nearly 10% of total employment in the state.
- Employment in this industry has grown by 12% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total number of employees in the administrative, support, waste management, and remediation services industry in the state of Rhode Island.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the strength and resilience of an important service sector that supports the operations of other businesses and organizations in the state.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this industry-level employment data to assess the health of the local service economy and inform economic development strategies.
Q: Are there update delays or limitations?
A: The data is released with a one-month lag and may be subject to periodic revisions by the statistical agency.
Related Trends
Personal Consumption Expenditures: Goods: Durable Goods for Rhode Island
RIPCEDURG
Personal Consumption Expenditures: Goods for Rhode Island
RIPCEG
All Employees: Education and Health Services: Nursing and Residential Care Facilities in Rhode Island
SMU44000006562300001
Civilian Labor Force for Rhode Island
CIVLFRI
Chain-Type Quantity Index for Real GDP: Monetary Authorities-Central Bank, Credit Intermediation, and Related Services (521-522) in Rhode Island
RIFRBCIQGSP
Gross Domestic Product: Fabricated Metal Product Manufacturing (332) in Rhode Island
RIFABRMETNGSP
Citation
U.S. Federal Reserve, All Employees: Administrative and Support and Waste Management and Remediation Services in Rhode Island (SMU44000006056000001A), retrieved from FRED.