Home Economy Economic Activity R.I. monthly unemployment rises to 4.5% in July

R.I. monthly unemployment rises to 4.5% in July

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PBN Staff

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08/15/2024

Unemployment-AP-file-Lynne-Sladky — RHODE ISLAND’S seasonally adjusted unemployment in July was 4.5%, an increase of two-tenths of a percentage point from June, the R.I. Department of Labor and Training said Thursday. /ASSOCIATED PRESS FILE PHOTO/LYNNE SLADKY

CRANSTON – Rhode Island’s seasonally adjusted unemployment in July was 4.5%, an increase of two-tenths of a percentage point from June, the R.I. Department of Labor and Training said Thursday. Rhode Island lost 400 nonfarm jobs in July, marking three consecutive months of job declines, the DLT said. The state has lost 3,400 jobs over

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CRANSTON – Rhode Island’s seasonally adjusted unemployment in July was 4.5%, an increase of two-tenths of a percentage point from June, the R.I. Department of Labor and Training said Thursday. Rhode Island lost 400 nonfarm jobs in July, marking three consecutive months of job declines, the DLT said. The state has lost 3,400 jobs over the past three months, an average loss of 1,100 jobs a month. The DLT says the number of unemployed Rhode Islanders in July was 26,700, up 1,200 from June and 11,300 from a year ago. Also, the number of employed residents was at 565,400 as of July, up 600 from the previous month and 7,500 more than July 2023, DLT said. Overall, the state’s labor force was 592,100 in July, up 1,700 from June and 18,800 from July 2023. The state’s nonfarm jobs in July totaled 510,300, a decrease of 400 from the revised June jobs figure of 510,700 and up 6,200 from July 2023, DLT says. These jobs exclude farming and some government, private and nonprofit workers. The number of private-sector jobs in Rhode Island was down 1,400 in July but up 4,000 from July 2023. Accommodation and food services lost 1,600 jobs in July, marking three consecutive months of declines totaling 3,500 jobs. Government jobs rose by 1,000 in July, with 800 of the jobs in local government. The health care and social assistance sector gained 700 jobs in July. This sector has not reported a monthly job decline since October 2023. Seasonally adjusted nonfarm payrolls in Rhode Island by sector in July:

Accommodation and food services: 48,200, a decrease of 1,600 since June and 3,000 year over year.

Administrative and waste services: 30,400, a decrease of 300 since June but a gain of 1,600 year over year.

Arts, entertainment and recreation: 7,700, a decrease of 300 since June and of 400 year over year.

Construction: 21,700, an increase from 200 since June and 100 year over year.

Educational services: 27,100, an increase of 600 since June and 800 year over year.

Finance and insurance: 28,300, a decrease of 400 since June and of 400 year over year.

Government: 66,800, an increase of 1,000 from June and of 2,200 year over year.

Health care and social assistance: 86,900, an increase of 700 since June and of 5,100 year over year.

Information: 5,600, a decrease of 100 from June and 200 year over year.

Management of companies and enterprises: 10,700, same as June and year over year.

Manufacturing: 41,200, an increase of 100 since June but up 800 year over year. Production workers in the sector earned $26.36 per hour in June, 99 cents more than June and up 81 cents from June 2023.

Professional, scientific and technical services: 30,100, down 300 since June but up 100 year over year.
Real estate, rental and leasing: 6,500, same as June but up 100 year over year.