RI Unemployment Rate Edges Back Up
Friday, December 17, 2010
The unemployment rate in Rhode Island has edged up from 11.4% in October to 11.6% in November, according to the state Department of Labor and Training.
According to the Department of Labor report, this is the first increase month-to-month in the state unemployment rate since December 2009. The rate is still down compared to November 2009’s reported rate of 12.5%.
This follows the national unemployment rate, which stayed even at 9.6% for three months preceding November, and then was reported at 9.8% for that month.
The DLT report also noted that the average weekly claim load for Rhode Islanders receiving Unemployment Insurance recipients was down 2.9%, or 966 individuals, from the October numbers.
GET THE LATEST BREAKING NEWS HERE -- SIGN UP FOR GOLOCAL FREE DAILY EBLASTJob losses were most pronounced in the construction sector, with 400 jobs lost due to decreased demand for trade contracting and building construction. The Manufacturing and Arts, Entertainment & Recreation sectors reported another 400 total jobs lost. Eight other service industry-related categories reported declines of over 100 jobs.
Despite the losses, there were some bright spots: Financial Activities and Information sectors reported a total of 400 new hires, and employment in the Professional & Business sector and Natural Resources & Mining sector was reported unchanged from October.
The Report also states that the number of Rhode Island-based jobs dropped by 3,200, or 0.7% between November 2009 and November 2010, in sectors including Professional & Business Services, Educational Services, Manufacturing, and Retail Trade, among others.
Sectors that have added jobs in the period November 2009-November 2010 included 1000 in the “Other Services” category, 600 in Financial Services and 500 jobs in Accommodation & Food Services. Job gains were also reported in Information, Transportation & Utilities, and Natural Resources & Mining sectors.
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