All Employees: Health Care: Hospitals in Rhode Island
SMU44000006562200001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24.10
Year-over-Year Change
0.84%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the hospital sector in Rhode Island. It is a key indicator of economic activity and labor market conditions in the healthcare industry.
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: Health Care: Hospitals in Rhode Island indicator tracks the monthly employment levels at hospitals within the state. This data provides insights into the overall health and staffing of the Rhode Island hospital system, which is a major component of the state's economy.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely monitored by policymakers, industry analysts, and healthcare organizations to assess economic performance and labor market trends.
Key Facts
- Rhode Island has over 20 hospitals employing tens of thousands of workers.
- Hospital employment is a major component of the state's healthcare sector.
- Trends in hospital staffing reflect broader economic conditions in Rhode Island.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the hospital industry within the state of Rhode Island.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the health and labor dynamics of Rhode Island's hospital sector, which is a key part of the state's economy and healthcare system.
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: Policymakers, industry analysts, and healthcare organizations monitor this employment trend to assess economic performance and labor market conditions in the Rhode Island healthcare sector.
Q: Are there update delays or limitations?
A: This data is published monthly by the U.S. Bureau of Labor Statistics, but may have a lag of several weeks before the latest figures are available.
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Citation
U.S. Federal Reserve, All Employees: Health Care: Hospitals in Rhode Island (SMU44000006562200001A), retrieved from FRED.