Home Economy Economic Activity R.I. monthly unemployment edges upward to 4.6% in August

R.I. monthly unemployment edges upward to 4.6% in August

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PBN Staff

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09/19/2024

RHODE ISLAND’S seasonally adjusted unemployment in August was 4.6%, an increase of one-tenth of a percentage point from July, the R.I. Department of Labor and Training says. / AP FILE PHOTO/LYNNE SLADKY

CRANSTON – Rhode Island’s seasonally adjusted unemployment in August was 4.6%, an increase of one-tenth of a percentage point from July, the R.I. Department of Labor and Training said Thursday. Rhode Island added 300 nonfarm jobs in August, ending three consecutive months of declines in the number of jobs, the DLT said. The state had

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CRANSTON – Rhode Island’s seasonally adjusted unemployment in August was 4.6%, an increase of one-tenth of a percentage point from July, the R.I. Department of Labor and Training said Thursday. Rhode Island added 300 nonfarm jobs in August, ending three consecutive months of declines in the number of jobs, the DLT said. The state had lost 4,900 jobs over the past three months, an average loss of 1,225 jobs a month. The DLT says the number of unemployed Rhode Islanders in August was 27,300, up 500 from July and up 10,600 from a year ago. Also, the number of employed residents was 564,400 as of August, down 900 from the previous month but 7,000 more than in August 2023, the DLT said. Overall, the state’s labor force totaled 591,800 in August, down 300 from July but up 17,700 from August 2023. The state’s nonfarm jobs in August numbered 508,800, an increase of 300 from the revised July jobs figure of 508,500 and up 4,200 from July 2023, the DLT said. These jobs exclude farming and some government, private and nonprofit workers. The number of private-sector jobs in Rhode Island was up 200 in August and up 2,600 from August 2023. The real estate, rental and leasing sector posted the largest monthly job gain at 400. Accommodation and food services, arts, entertainment and recreation and the construction sectors each reported the highest loss in August at 200 jobs each. Seasonally adjusted nonfarm payrolls in Rhode Island by sector in August:

Accommodation and food services: 47,700, a decrease of 200 since July and down 3,700 year over year.

Administrative and waste services: 29,900, a decrease of 100 since July but a gain of 1,100 year over year.

Arts, entertainment and recreation: 7,500, a decrease of 200 since July and down 600 year over year.

Construction: 21,300, a decrease from 200 since July and down 300 year over year.

Educational services: 26,900, an increase of 200 since July and up 600 year over year.

Finance and insurance: 28,500, an increase of 100 since July and a decline of 200 year over year.

Government: 66,300, an increase of 100 from July and up 1,600 year over year.

Health care and social assistance: 86,900, an increase of 200 since July and an increase of 4,600 year over year.

Information: 5,600, same as July but down 200 year over year.

Management of companies and enterprises: 10,500, same as July but down 200 year over year.

Manufacturing: 41,300, an increase of 100 since July but up 1,000 year over year. Production workers in the sector earned $26.01 per hour in August, 34 cents less than July but up 51 cents from August 2023.

Professional, scientific and technical services: 30,400, down 100 since July but up 400 year over year.