Updated March 29 at 12:29am

DLT revisions show higher unemployment rates for 2013

Rhode Island’s average unemployment rate for 2013 was 9.5 percent, according to revised data released by the R.I. Department of Labor and Training on Thursday. The yearly average came in eight-tenths of a percentage point lower than 2012’s average of 10.3 percent. More

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DLT revisions show higher unemployment rates for 2013

Posted:

PROVIDENCE – Rhode Island’s average unemployment rate for 2013 was 9.5 percent, according to revised data released by the R.I. Department of Labor and Training on Thursday.

The yearly average came in eight-tenths of a percentage point lower than 2012’s average of 10.3 percent.

In addition to the annual data, the DLT also published a revised unemployment figure for the month of December, which was revised upward to 9.3 percent compared with the previously published rate of 9.1 percent.

Despite the unfavorable revision, the DLT said 9.3 percent represented the lowest state unemployment rate since November 2008, and the revision was due in part to higher numbers of unemployed Rhode Islanders during the previous 11 months of 2013 than originally reported.

The DLT also reported Thursday that the number of jobs based in Rhode Island averaged 470,800 in 2013, approximately 3,100 more than the 467,700 initially reported.

The number of people employed in Rhode Island – previously reported to be between 500,300 and 509,300 throughout the year – was revised downward to between 499,100 and 506,200.

With regard to the overall size of the state labor force – representing the sum of employed and unemployed residents in the state – the DLT said monthly revisions were mixed, some revising the labor force total up and some revising down. After revisions, last year’s labor force peaked at 560,000 in January and slowly decreased every month to 550,100 in December, the lowest labor force level since June 2002.

Every year, the DLT recalculates data based on updated monthly job estimates and revised population estimates. Revisions made over the past five years indicate that the highest unemployment rate of the recession occurred between December 2009 and March 2010, when the state hit an 11.9 percent unemployment rate.

The highest count of unemployed residents, 68,100, occurred in February and March of 2010, while the lowest number of state-based jobs recorded was 455,900, which occurred in July and August of 2009.

Rhode Island unemployment, Department of Labor and Training, Rhode Island labor force,

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JonPolis

If you go to http://www.bls.gov/lau/stalt.htm and look at the Chart it displays….

(published back on Friday, January 31st) you will see we are not at the

bottom of the (state level) unemployment rankings after all; Not at the

level that counts " the most "…..Level U6……

Nevada (at U6): Eighteen point one per cent (18.1 %)

California (at U6): Seventeen point three per cent (17.3 %)

Illinois (at U6): Sixteen per cent (16.0 %)

Arizona (at U6): (same as Illinois)

Rhode Island (at U6): Fifteen point five per cent (15.5 %)

Not that this is anything to celebrate….however….at least

we have not GOTTEN ANY WORSE in @ the last three (3) years (!!??)

(The United States (at U6): Thirteen point eight per cent (13.8%))

Thursday, February 27, 2014 | Report this
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