Average Weekly Hours of All Employees: Leisure and Hospitality in Rhode Island
SMU44000007000000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26.70
Year-over-Year Change
-1.84%
Date Range
1/1/2007 - 7/1/2025
Summary
This economic trend measures the average weekly hours worked by all employees in the leisure and hospitality sector in Rhode Island. It provides insight into the labor market and economic activity in the state's service industries.
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 Average Weekly Hours of All Employees: Leisure and Hospitality in Rhode Island tracks the average number of hours per week worked by employees in industries such as hotels, restaurants, arts, entertainment, and recreation. This metric is a key indicator of labor demand and can signal changes in consumer spending and economic conditions.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists use this trend to monitor the health of Rhode Island's service sector and make informed decisions about economic policies.
Key Facts
- Rhode Island's leisure and hospitality sector employs over 75,000 workers.
- The average weekly hours in this sector have been below the national average since 2020.
- Fluctuations in this trend can signal changes in consumer demand and economic activity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly hours worked by all employees in the leisure and hospitality sector in Rhode Island, including industries such as hotels, restaurants, arts, entertainment, and recreation.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into labor demand and economic activity in Rhode Island's service industries, which are crucial for understanding the state's overall economic health and consumer spending patterns.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys 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 the health of Rhode Island's service sector and make informed decisions about economic policies, such as stimulus measures or workforce development initiatives.
Q: Are there update delays or limitations?
A: The data is published monthly, but there may be a delay of several weeks between the reference period and the release of the latest figures.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Leisure and Hospitality in Rhode Island (SMU44000007000000002), retrieved from FRED.