PROVIDENCE – The Rhode Island seasonally adjusted unemployment rate was 4.1 percent in July, two-tenths of a percentage point lower than the unemployment rate in June, according to a Thursday report from the R.I. Department of Labor and Training. A year-over-year comparison saw the Ocean State’s seasonally adjusted unemployment rate fall 0.3 percentage points compared with July 2017’s 4.4 percent unemployment rate. July’s national unemployment was 3.9 percent, a 0.1 percentage-point dip from June’s 4.0 percent and a 0.4 percentage-point decrease from July 2017’s 4.3 percent. There were 23,300 unemployed Rhode Islanders in July, a decrease of 700 individuals from June and 1,100 year over year. Nearly 42 percent, 41.9 percent, of the state’s total unemployed, or 9,779 individuals, collected unemployment insurance benefits in July. This figure represents a year-over-year decline of 659 individuals who collected UI benefits than in July 2017 but … [Read more...] about Unemployment ticks down, job gains continue for R.I. in July
R i department of labor
PROVIDENCE – Rhode Island had the second highest seasonally adjusted unemployment rate in New England at 4.3 percent, ahead of only Connecticut at 4.4 percent, according to the U.S. Bureau of Labor Statistics Friday. New Hampshire had the lowest unemployment at 2.7 percent in June, followed by Vermont at 2.8 percent, Maine at 2.9 percent and Massachusetts at 3.5 percent. Maine had the largest unemployment decline in the region at 0.6 percentage points year over year, even as its labor force grew 0.4 percent to 704,162. Rhode Island saw its labor force grow 1.2 percent to 560,835 in the same time period. Massachusetts and Connecticut experienced the second-largest year-over-year jobless rate declines in the region at 0.3 percentage points. Vermont had the third-largest decline at 0.2 percentage points, while Rhode Island declined 0.1 percentage points year over year. New Hampshire unemployment was the same at 2.7 percent. More details on Rhode Island employment figures can be read … [Read more...] about R.I. June unemployment rate 2nd highest in N.E.
PROVIDENCE – Falling 0.1 percentage points, the Rhode Island seasonally adjusted unemployment rate was 4.3 percent in June according to a report from the R.I. Department of Labor and Training Thursday. In June 2017, Rhode Island’s June unemployment rate stood at 4.2 percent. However, in Thursday’s report, the June 2017 rate had been revised to 4.4 percent making the June 2018 figure the lowest unemployment seen in Rhode Island since 2001. National unemployment in June 2018 rose to 4.0 percent in, a jump of 0.2 percentage points since May but also a drop from 4.3 percent in June 2017. A total 24,000 Rhode Islanders were unemployed in June which represents a dip of 800 individuals from the May figure and a 300-individual dip year over year. There were 8,430 individuals, or 41.1 percent of the state’s total unemployed, collecting unemployment insurance benefits in June. This marks a 677-person decline year over year. In June, the labor force totaled 560,800 – … [Read more...] about R.I.’s 4.3% June unemployment rate mirrors figures last seen in 2001
PROVIDENCE – The median hourly wage for Rhode Islanders in May 2017 was $19.45 per hour, according to the latest Occupational Employment Statistics survey conducted by the labor market information segment of the R.I. Department of Labor and Training. In May 2016, the median hourly wage was 35 cents lower at $19.10 per hour. Rhode Island’s median wage was 7.3 percent higher then the United States’ median of $18.12 per hour. The Rhode Island median entry-level hourly rate was $12.77 per hour while the median “experienced” hourly pay was $31.41 per hour. The report said that the best-paying occupational group was management occupations, which paid an hourly rate of $57.35 per hour and made up 4.4 percent of the state’s workforce. The group has an entry-level hourly wage of $42.43 per hour and an experienced hourly of $76.94 per hour. Computer and mathematical occupations had the second-highest median hourly rate at $40.04. Architecture and engineering … [Read more...] about DLT: R.I. 2017 median hourly wage was $19.45 per hour
PROVIDENCE – While the February seasonally adjusted unemployment rate was revised to 4.6 percent from 4.5 percent, per a Thursday R.I. Department of Labor and Training announcement, in March the state returned to a seasonally adjusted unemployment rate of 4.5 percent. The revision is due in part to an addition of 100 unemployed people in February as well as 100 more in the state’s labor force. Comparatively, the rate is 0.1 percentage points higher than the 4.4 percent measured in March 2017. Nationally, the seasonally adjusted unemployment rate remained at 4.1 percent from February to March – a loss of 0.4 percentage points from March 2017. The number of employed Rhode Island residents was 532,700 in March, an increase of 700 from the February figure of 532,000. Over the year, the number of employed Rhode Island residents was up 4,200 from March 2017 (528,500). There were 100 fewer unemployed Rhode Islanders in March (25,300) than in February, however, that figure … [Read more...] about After revision, R.I. unemployment rate ticks back to 4.5%