NEW: RI Unemployment Dropped to 8.2% in May
Thursday, June 19, 2014
The RI Department of Labor and Training announced that the state’s seasonally adjusted unemployment rate for May 2014 dropped to 8.2 percent.
This is down one-tenth of a percentage point from the April 2014 rate and down one and three-tenths of a percentage points from the May 2013 rate.
According to the Department of Labor and Training, Rhode Island added 2,000 jobs in the month of May.
GET THE LATEST BREAKING NEWS HERE -- SIGN UP FOR GOLOCAL FREE DAILY EBLASTLooking back, this is the lowest unemployment rate since August 2008. The unemployment rate is down one and one-tenth percentage points since the beginning of the year. The U.S. unemployment rate was 6.3 percent in May 2014, unchanged from the previous month and down one and two- tenths percentage points over the year.
The number of unemployed RI residents—those residents classified as available for and actively seeking employment—was 45,600, down 600 from the April figure of 46,200. This represents the tenth consecutive over-the-month decrease and the lowest unemployment level since July 2008.
The following chart was released from the Department of Labor and Training.
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