All Employees: Local Government Excluding Educational Services in Rhode Island
SMU44000009093200001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.70
Year-over-Year Change
4.96%
Date Range
1/1/2005 - 1/1/2024
Summary
This economic trend measures the total number of local government employees, excluding those in educational services, in the state of Rhode Island. It provides insights into the size and dynamics of the public sector workforce 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: Local Government Excluding Educational Services in Rhode Island data series tracks the total number of people employed by local government agencies in Rhode Island, excluding those working in the education sector. This metric is used by economists and policymakers to analyze trends in public sector employment and the overall health of the state's economy.
Methodology
The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by state and local government officials to inform policy decisions and budget planning.
Key Facts
- Rhode Island has a population of approximately 1.1 million.
- Local government is a significant employer in the state, accounting for over 20,000 jobs.
- The education sector is the largest component of local government employment in Rhode Island.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed by local government agencies in Rhode Island, excluding those working in the education sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the size and dynamics of the public sector workforce in Rhode Island, which is an important factor in understanding the state's overall economic health and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: State and local government officials closely monitor this trend to inform policy decisions and budget planning.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, All Employees: Local Government Excluding Educational Services in Rhode Island (SMU44000009093200001A), retrieved from FRED.