Welcome! Login | Register
 

RWU and Silent Witness Initiative To Launch Domestic Violence Online Database Tool—Roger Williams University and the Silent Witness Initiative…

Taco Pledges $400,000 to Support URI’s College of Engineering and Yes on 4—The Taco White Family Foundation will donate $400,000…

Rhody Ramble’s Upcoming Fall Events for Families—Rhody Ramble, launched in 2012, connects families with…

The Scoop: Kilmartin Hits Back at Hodgson, Harrop Urges Right-To-Work Municipal Ordinance, and More—Welcome back to The Scoop, the 4 p.m.…

Pawtucket Hall of Fame Taps Nesselbush As “Person of the Year”—Three City residents, Joan Crawley, former Director of…

Patriots Blown Out By Chiefs In Kansas City—Many billed the Patriots and Kansas City Chiefs…

NEW: Hodgson Blasts Kilmartin For No Bid Legal Contracts to State Legislator—Rhode Island State Senator Dawson Hodgson blasted Attorney…

Russell Moore: The GOP’s Curious Case of Catherine Taylor—Like most, this election year looks like it…

Providence PowerPlayer: Brown Athletic Director Jack Hayes—Each week, GoLocal shines the spotlight on one…

Smart Benefits: New IRS Guidance on FTE Look-Back Period—The IRS recently issued Notice 2014-49 related to…

 
 

NEW: Unemployment Drops to 10.4 Percent

Thursday, November 15, 2012

 

The RI Department of Labor and Training announced today that the state’s seasonally adjusted unemployment rate for October 2012 dropped to 10.4 percent, down one-tenth of a percentage point from the September 2012 rate and eight-tenths of a percentage point from the October 2011 rate. This is the sixth consecutive monthly decrease in the state’s unemployment rate, and represents Rhode Island’s lowest unemployment rate since April 2009.

The U.S. unemployment rate was 7.9 percent in October 2012, up one-tenth of a percentage point from the previous month and down one percentage point over the year.

The number of unemployed RI residents—those residents classified as available for and actively seeking employment—was unchanged from the revised September figure of 58,700. Over the year, the number of unemployed dropped by 4,500.

The number of employed RI residents was up 5,200 over the September figures, increasing to 504,700 in October. This represents the third consecutive monthly increase in employed Rhode Islanders, and the largest monthly increase since the Bureau of Labor Statistics implemented the current methodology in 1976. Over the year, the number of employed RI residents increased 5,300 from October 2011.

The RI labor force totaled 563,400 in October 2012, up 5,300 from September 2012 and up 800 from October 2011, marking the first over-the-year increase in the state’s labor force since November 2010. The state’s labor force is at its highest level since June 2011.

 

Enjoy this post? Share it with others.