Greater Providence posts highest Feb. jobless rate for large metros

The unemployment rate in the Providence-Fall River-Warwick metro area fell to 9.7 percent in February, non-seasonally adjusted, from 10.3 percent a month earlier, as the size of the labor force grew 0.6 percent to 691,000 from 686,600, according to a U.S. Bureau of Labor Statistics report released Wednesday. More

To continue reading this article, please do one of the following.



workforce

Greater Providence posts highest Feb. jobless rate for large metros

ALTHOUGH THE JOBLESS rate in the Providence-Fall River-Warwick metro area declined in February to 9.7 percent, it still ranked as the highest unemployment rate among the 49 metro areas with a population of 1 million or more.
Posted 4/9/14

WASHINGTON – The unemployment rate in the Providence-Fall River-Warwick metro area fell to 9.7 percent in February, non-seasonally adjusted, from 10.3 percent a month earlier, as the size of the labor force grew 0.6 percent to 691,000 from 686,600, according to a U.S. Bureau of Labor Statistics report released Wednesday.

On a year-over-year basis, the non-seasonally adjusted jobless rate declined in February from 10.5 percent during the same period a year earlier, while the labor force shrank 0.4 percent from 694,100 over the same 12 months.

Nationally, 338 of the 372 metro areas across the United States showed unemployment rates in February that were lower than in February 2013, with the lowest coming in at 2.8 percent in Houma-Bayou Cane-Thibodaux, La. Twenty-five metro areas had jobless rates higher than a year ago (Yuma, Ariz., and El Centro, Calif., had the highest at 22.9 percent), while nine regions saw no change in their unemployment rates.

Of the 49 metro areas with a 2000 U.S. Census population of 1 million or more, Providence-Fall River-Warwick had the highest unemployment rate in February, while New Orleans-Metairie-Kenner, La., had the lowest at 4.2 percent.

Regionally, the New Bedford metropolitan area saw month-over-month and year-over-year declines in its jobless rate. The February unemployment rate dropped to 11.2 percent, compared with 11.7 percent in January and 12.4 percent in February 2013. Its labor force grew by 600 between January and February, and by 400 from a year earlier.

In Worcester, the February unemployment rate of 7.3 percent represented a decline from 7.6 percent a month earlier and from 7.9 percent in February 2013. The Norwich-New London, Conn., metro area saw its non-seasonally adjusted unemployment rate drop to 7.8 percent in February, compared with 8 percent a month before and 8.6 percent the previous year.

The national non-seasonally adjusted jobless rate for February was 7 percent, not seasonally adjusted.

Calendar
PBN Hosted
Events

Two Great Programs...One Great Event. PBN's Annual Celebration of Growth and Innovation is now underway. 2014 applications are now available. Deadline August 1st.
  • 40 Under Forty
    We're almost sold out. The 10th Anniversary of 40 Under Forty, and PBN is planni ...
  • Healthiest Employers
    Save the date - August 14th - at the Providence Marriott for the 3rd annual Heal ...
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