Employment rose more than forecast in December and the jobless rate declined to 5.6 percent, wrapping up the best year for the labor market since 1999 and adding to evidence the U.S. is a standout in the global economy.
By Shobhana Chandra Bloomberg News
(Updated 3:32 p.m.)
Rhode Island’s jobless rate fell to 5.6 percent in August, a two-tenths of a percentage point drop from July and 1.8 percentage point decline from August 2014, the state Department of Labor and Training reported on Thursday.
The White House has chosen Rhode Island to be a part of President Obama’s TechHire initiative, a multi-sector effort to empower Americans with the skills they need to succeed in today’s economy, according to Gov. Gina M. Raimondo.
The Providence-Warwick metropolitan area ranked 263rd out of 358 metropolitan areas nationwide for its lack of construction job growth in June, according to the Associated General Contractors of America.