All Employees: Employment Services in Rhode Island
SMU44000006056130001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.90
Year-over-Year Change
-9.20%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures employment in the Employment Services industry in Rhode Island. It provides insights into the labor market and demand for staffing services in the state.
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: Employment Services in Rhode Island indicator tracks the total number of people employed in the employment services sector, which includes temporary help services, professional employer organizations, and other employment-related activities. This metric is used to analyze trends in the Rhode Island labor market and demand for staffing and workforce solutions.
Methodology
This data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The employment services industry is closely tied to broader economic conditions, making this trend relevant for policymakers, analysts, and businesses.
Key Facts
- Rhode Island has over 12,000 people employed in the employment services industry.
- Employment services jobs make up about 2.5% of total nonfarm employment in Rhode Island.
- The employment services industry in Rhode Island has seen steady growth since the Great Recession.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the employment services industry in the state of Rhode Island, including temporary help services and professional employer organizations.
Q: Why is this trend relevant for users or analysts?
A: The employment services industry is closely tied to broader economic conditions, so this metric provides insights into the state of the Rhode Island labor market and demand for staffing and workforce solutions.
Q: How is this data collected or calculated?
A: This data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor the health of the Rhode Island labor market and inform decisions around economic development, workforce training, and employment-related policies.
Q: Are there update delays or limitations?
A: This data is published monthly with a typical lag of 1-2 months from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Employment Services in Rhode Island (SMU44000006056130001A), retrieved from FRED.