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Unemployment rate down in RI

March 12, 2014

The unemployment rate in Rhode Island fell to 9.2 percent in January, the lowest unemployment rate since November 2008, according to the Rhode Island Department of Labor and Training.

The seasonally adjusted unemployment rate in January was down one-tenth of a percentage point from the revised rate of 9.3 percent in December 2013, and down four-tenths of a percentage point since January 2013, according to DLT statistics released last week.

The national unemployment rate declined to 6.6 percent in January, down one tenth of a percentage point since the previous month and three-tenths of a percentage point since January 2013.

The number of unemployed Rhode Island residents – those residents classified as available for and actively seeking employment – was 50,600 in January, down 500 from the revised December figure of 51,100. This represents the sixth consecutive over-the-month decrease and the lowest unemployment level since October 2008. Since January 2013, the number of unemployed Rhode Islanders dropped by 3,200.

The number of employed residents was up 600 between December and January, increasing to 499,700 in January. Over the year, the number of employed Rhode Island residents dropped 6,500 from January 2013.

The U.S. Bureau of Labor Statistics is scheduled to release regional and state unemployment data for January 2014 on March 17.

Southern Rhode Island Newspapers
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