economic indicators

Even with jobless rate drop, R.I. stays No. 6 in U.S. at 8.8%

COURTESY U.S. BUREAU OF LABOR STATISTICS
WITH THE REST OF THE COUNTRY seeing declining unemployment rates, Rhode Island did not change its national ranking (sixth-highest), even as its jobless rate fell three-tenths of a percentage point in April to 8.8 percent.
COURTESY U.S. BUREAU OF LABOR STATISTICS
WITH THE REST OF THE COUNTRY seeing declining unemployment rates, Rhode Island did not change its national ranking (sixth-highest), even as its jobless rate fell three-tenths of a percentage point in April to 8.8 percent.
Photo
1
2
Posted 5/17/13

WASHINGTON – Despite the three-tenths of a percentage point decline in its unemployment rate in April, to 8.8 percent, Rhode Island still has the sixth-highest jobless rate in the nation, according to data released Friday by the U.S. Bureau of Labor Statistics.

Nevada retained the top spot, with an unemployment rate of 9.6 percent, a one-tenth of a percentage point drop from March. Rounding out the first five on the list were Illinois (with a rate of 9.3 percent), Mississippi (9.1 percent), California (9.0 percent) and North Carolina (8.9 percent). New Jersey, at 8.7 percent, was right behind Rhode Island. The national, seasonally adjusted rate was 7.5 percent for the month.

Rhode Island’s decline of 1.8 percentage points from April 2012 to last month was driven both by an increase in the number of people working in the state of 2,700 (to 467,400) and a drop in the size of the labor force in the state of 700 (to 558,200).

The Ocean State continues to lag the unemployment rate in New England, according to the BLS, which posted a seasonally adjust rate in April of 6.8 percent, a drop of four-tenths of a percentage point from April 2012. Only the West North Central (5.4 percent) and West South Central (6.3 percent) census divisions did better than New England for the month. Of the nine geographic divisions, the Pacific division turned in the worst performance, posting an unemployment rate of 8.5 percent in April.

Leading the way for the northeast corner of the nation was Vermont, with a jobless rate of 4 percent in April, followed by New Hampshire (5.5 percent), Massachusetts (6.4 percent), Maine (6.9 percent) and Connecticut (8 percent). The United States’ lowest unemployment rate was reported by North Dakota, at 3.3 percent.

Calendar
PBN Hosted
Events

Join PBN for the best networking event and party of the winter - January 15, 2015 - the Book of Lists Party at the Providence Public Library. Reserve your spot early!
  • Best Places to Work
    Enrollment is now open for the 7th annual Best Places to Work program. Winners w ...
  • Manufacturing Awards
    Applications are now being accepted for the 2nd Annual Manufacturing Awards. Dea ...
Advertisement
Purchase Data
Book of Lists
Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  •  
  • Purchase an e-File of the entire Book of Lists database
  •  
  • Purchase a printed copy of the Book of Lists
  •  
    National
    Local
    Latest News
    Advertisement