Welcome! Login | Register
 

Best Romantic Weekend Getaways in New England—Autumn is the perfect time of year for…

What to Watch For: Patriots vs. Bears—The Patriots welcome the Bears to Gillette Stadium…

Rhode Island College Football Weekend Preview—Nationally Ranked Bryant returns home, Family weekend at…

$2 Million Donation Presented to The Wheeler School—Wheeler School presented with $2 million donation.

The Scoop: Elorza Requests Investigation Into Possible Ballot Tampering, Fung Tours Brutopia—Welcome back to The Scoop, the 4 p.m.…

RI Department of Health Releases Ebola Update—The Rhode Island Department of Health has releases…

Obama Reschedules Rhode Island Visit—Barack Obama has rescheduled his visit to Rhode…

NEW: Cianci Responds to Mail Ballot Tampering Accusations—Independent candidate for Mayor Vincent Cianci has released…

Rome Packing Co., Inc. Recalls Crab Meat—Rome Packing Co., Inc. has issued a voluntary…

Herb Weiss: Mistaken Identity Can Be Hazardous to Your Business—Eastside customers of The Camera Werks, a long-time…

 
 

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.