CRANSTON – Rhode Island’s unemployment rate remained at 10.4 percent for November, unchanged from the October 2012 rate and down seventh-tenths of a percentage point from November 2011, according to a report released Thursday by the R.I. Department of Labor and Training.
The number of employed residents rose by 1,500 over October to 506,200,representing the fourth consecutive monthly increase in employed Rhode Islanders and the state’s highest employment level since March 2009.
Also, the number of unemployed Rhode Island residents was down 100 from October 2012 to 58,600.That figure also represents a drop of 4,100 in unemployed residents from November 2011.
However, the Rhode Island job count dipped slightly, reflecting a loss of 200 jobs from October, which the Department of Labor and Training said stemmed from reported cutbacks in the government sector which lost 600 positions of the month while the private sector employment rose by 400 positions.
The state’s labor force totaled 564,800 in November, up 1,400 from October and up 2,500 from November 2011. The figure represents the state’s highest labor force since February 2011.
The accommodation and food services sector lost 700 jobs in November, the private educational services sector reported a decline of 400 jobs, and the health care and social assistance sector lost 300 jobs from employment losses in hospitals and ambulatory health care services.
The professional and business services and other services sectors each added 700 jobs in November.
Employment in the manufacturing sector added 500 jobs in November, and the construction and information sectors added 200 and 100 jobs respectively.
For November, manufacturing wages were up 18 cents from October, and $1.18 from November 2011, reaching $18.60 per hour. Employees in that sector worked an average of 39.7 hours per week, down three-tenths of an hour over the month and unchanged over the year.
The U.S. unemployment rate was 7.7 percent for November, down two-tenths of a percentage point from 7.9 in October and down one percent from 8.7 percent in November 2011.
PBN is now accepting applications for its newest award program and event for RI & Bristol County to celebrate the Manufacturing Renaissance that is evolving regionally and across the country. The deadline for applications is March 20th.
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.