work force

R.I. jobless rate third-worst in the U.S.

BUREAU OF LABOR STATISTICS
ABOVE, THE STATE-BY-STATE UNEMPLOYMENT picture in December. The darker-colored states had higher jobless rates. (Click here to view a larger version.)
Posted 1/22/10

PROVIDENCE – Rhode Island returned to having the third-worst unemployment rate in the country last month as Nevada moved to second place and Michigan stayed on top, the U.S. Labor Department said Friday.

The jobless rate in Rhode Island rose to 12.9 percent in December from 12.7 percent the prior month. Nevada’s jobless rate jumped from 12.3 percent to 13 percent, overtaking Rhode Island as second-highest.

Michigan’s rate fell to 14.6 percent but remained the worst in the nation by more than a percentage point. But that was down one-tenth of a point from the prior month and the high of 15.3 percent the state recorded in September.

Behind Nevada and Rhode Island in December were South Carolina (12.6 percent unemployment), California (12.4 percent) and Florida (11.8 percent). The national jobless rate stayed at 10 percent.

In all, 39 states lost jobs in December and 43 states saw their unemployment rates increase. (Variations in how employment is calculated can keep a state’s unemployment rate from rising even when jobs are lost.)

Employment is “still very weak, which is why we think the unemployment rate is going to continue to rise,” Marisa Di Natale, a director at Moody’s Economy.com in West Chester, Pa., told Bloomberg News before the report. “There are some states that are in pretty big trouble, fiscally speaking. 2010 is not going to be a good year.”

Rhode Island continued to be an outlier in the region last month, as the Northeast posted the nation’s lowest regional jobless rate in December at 9.2 percent.

Rhode Island lost 17,400 jobs last year, shrinking the state’s payrolls to 453,800, the lowest total number since December 1997.

The state has lost 42,600 jobs since payrolls peaked at 496,400 in January 2007, reducing employment by 8.6 percent, according to the Labor Department.

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.
  • Healthiest Employers
    Celebrate with the Healthiest Employers in RI on August 14th at the Providence M ...
  • 40 Under Forty
    Thank you to our sponsors and to all those who attended the 10th Anniversary of ...
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