Job Losers and Persons Who Completed Temporary Jobs, as a Percent of the Civilian Labor Force for Rhode Island
U2UNEM2RI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.70
Year-over-Year Change
-35.71%
Date Range
10/1/2003 - 7/1/2024
Summary
This economic trend measures the percentage of the civilian labor force in Rhode Island that are job losers or have completed temporary jobs. It provides insights into labor market dynamics and unemployment 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 Job Losers and Persons Who Completed Temporary Jobs data represents individuals in Rhode Island who have lost their jobs or finished temporary employment. This metric is used by economists and policymakers to analyze labor market conditions and trends in unemployment.
Methodology
The data is collected through household surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for understanding the state of the Rhode Island economy and informing policy decisions.
Key Facts
- Rhode Island's job losers and temporary workers made up 2.1% of the civilian labor force in 2022.
- This metric reached a peak of 7.5% during the COVID-19 pandemic in 2020.
- The data is released monthly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the civilian labor force in Rhode Island that are job losers or have completed temporary jobs.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor market dynamics and unemployment in Rhode Island, which is useful for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through household surveys by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is relevant for understanding the state of the Rhode Island economy and informing policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly by the U.S. Bureau of Labor Statistics with no significant update delays.
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Citation
U.S. Federal Reserve, Job Losers and Persons Who Completed Temporary Jobs, as a Percent of the Civilian Labor Force for Rhode Island (U2UNEM2RI), retrieved from FRED.