ECONOMIC INDICATORS

R.I. jobless rate continues rise in March

BLOOMBERG FILE PHOTO/MICHAEL NAGLE
RHODE ISLAND's jobless rate continued to rise in March, increasing one-tenth of a percentage point over February, the R.I. Department of Labor and Training reported Friday.
Posted 4/20/12

CRANSTON – Rhode Island’s jobless rate continued to rise in March, increasing one-tenth of a percentage point over February, the R.I. Department of Labor and Training reported Friday.

The state’s seasonally adjusted unemployment rate rose to 11.1 percent last month, from 11 percent in February. This marked the second consecutive monthly increase after seeing no rise since June 2011.

The Ocean State’s year-over-year unemployment rate dropped one-tenth of a percentage point in 2012 from March 2011.

The decline marked the 17th consecutive month of year-over-year decreases.

Figures show that 496,100 RI residents had jobs in March, down 1,300 over revised February numbers and marking the lowest employment level in the state since December 1996.

Compared to March 2011, there was a 5,200 employed resident drop.

The state’s labor force reached 558,200 in March, down 800 from February and down 6,300 from March 2011, the lowest number since March 2005.

Sectors that increased unemployment levels in March included health care and social assistance, financial activities, arts, entertainment and recreation as well as accommodation and food services.

Sectors that lost jobs included professional and business services, educational services, government and the retail trade.

The average hourly production wage for manufacturing was up 20 cents from February, reaching $18.29 and reflecting a $3.10 increase from March 2011.

Nationally, the March unemployment rate was 8.2 percent, down from 8.3 percent in February.

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