Providence metro unemployment declines to 3.8% in June

PROVIDENCE METRO AREA UNEMPLOYMENT in June declined 0.5 percentage points year over year to 3.8 percent on a non-seasonally adjusted basis. / BLOOMBERG NEWS FILE PHOTO/LUKE SHARRETT
PROVIDENCE METRO AREA UNEMPLOYMENT in June declined 0.5 percentage points year over year to 3.8 percent on a non-seasonally adjusted basis. / BLOOMBERG NEWS FILE PHOTO/LUKE SHARRETT

PROVIDENCE – Unemployment in the Providence-Warwick-Fall River metropolitan area was 3.8 percent in June, a 0.5 percentage point drop from 4.3 percent in June 2017 on a non-seasonally adjusted basis, according to the U.S. Bureau of Labor Statistics Wednesday.

The metro-area labor force expanded 1.9 percent year over year to 701,265 in June 2018, while the number of unemployed declined 9.7 percent to 26,640 people in that time.

The Rhode Island unemployment rate in June was 3.6 percent, a 0.6 percentage point decline from June 2017. The state, like the metro area, experienced an increase in the civilian labor force (1.4 percent) and a decline in the number of unemployed (13.1 percent).

Nonfarm employment in the Providence metro increased 1.4 percent year over year to 606,100, an 8,100 increase.

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Nonfarm employment in Rhode Island increased 1.8 percent year over year in June, from 502,400 to 511,400.

The New Bedford metro area reported a 5.5 percent unemployment rate in June, a 0.1 percentage-point decline year over year. The area’s civilian labor force grew 3.5 percent over the year to 88,319, while the number of unemployed also increased 1.5 percent to 4,853 people.

The Massachusetts unemployment rate in June was 3.9 percent on a non-seasonally adjusted basis, a 0.1 percentage-point drop from June 2017. The state experienced a year-over-year increase in its labor force of 4.2 percent to 3.9 million and a 1.2 percent increase in the number of unemployed over the year to 150,148.

Nonfarm employment in the New Bedford metro increased 1.2 percent year over year in June to 69,500, while across the state payrolls increased 1.9 percent to 3.7 million.

Chris Bergenheim is the PBN web editor.