All Employees: Social Assistance in Rhode Island
SMU44000006562400001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15.40
Year-over-Year Change
28.33%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of people employed in the social assistance industry in Rhode Island. It is an important indicator of the state's healthcare and social service sector 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: Social Assistance in Rhode Island series tracks the monthly count of nonfarm employees in establishments that provide individual and family services, community food and housing, and emergency and other relief services in the state.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is used by economists and policymakers to monitor the health of Rhode Island's social service industry and evaluate economic conditions.
Key Facts
- Rhode Island has over 18,000 social assistance employees.
- Social assistance jobs account for 4% of total employment in the state.
- Employment in this sector has grown by 7% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the social assistance industry in Rhode Island, including jobs in individual and family services, community food and housing, and emergency relief.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and activity of Rhode Island's healthcare and social service sector, which is an important part of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to monitor the social service industry and evaluate overall economic conditions in Rhode Island.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, All Employees: Social Assistance in Rhode Island (SMU44000006562400001A), retrieved from FRED.