Home Economy Economic Activity R.I. July unemployment fell faster than any other New England state

R.I. July unemployment fell faster than any other New England state

RHODE ISLAND'S JULY UNEMPLOYMENT rate decline of 1.1 percentage points year over year was a larger rate decline than any other New England state. / COURTESY BUREAU OF LABOR STATISTICS
RHODE ISLAND'S JULY UNEMPLOYMENT rate decline of 1.1 percentage points year over year was a larger rate decline than any other New England state. / COURTESY BUREAU OF LABOR STATISTICS

PROVIDENCE – Rhode Island ‘s seasonally adjusted unemployment decreased the fourth-most percentage points in the nation year over year, according to a Friday release from the Bureau of Labor Statistics.

The Ocean State fell the most in New England, 1.1 percentage points to 4.3 percent unemployment.

Despite the leading percentage-point reduction in unemployment, Rhode Island is tied with Massachusetts for the second-highest unemployment in New England, at 4.3 percent.

Unemployment:

New Hampshire:

  • Unemployment in July was 2.8 percent of the labor force, the lowest in the England.
  • The year-over-year decline of unemployment in New Hampshire was 0.1 percentage points, tied with Connecticut for the fourth-largest proportional decline in unemployment in New England.

Vermont:

  • Unemployment in July was 3.1 percent of the labor force, the second-lowest in New England.
  • The year-over-year decline of unemployment in Vermont was 0.2 percentage points, the third-largest proportional decline in New England.

Maine:

  • Unemployment in July was 3.7 percent of the labor force, the third-lowest rate in the New England region.
  • The year-over-year decline in unemployment in Maine was 0.3 percentage points, the second-largest rate decline in New England.

Massachusetts:

  • Unemployment in Massachusetts in July was 4.3 percent, tied with Rhode Island for the fourth-lowest unemployment in New England.
  • Massachusetts unemployment increased 0.7 percentage points year over year, the only state in New England to experience growing unemployment.

Rhode Island:

  • Unemployment was 4.3 percent in July, tied with Massachusetts for the fourth-lowest unemployment in New England.
  • Rhode Island unemployment declined 1.1 percentage points year over year, the most of any state in New England.

Connecticut:

  • Connecticut unemployment was 5 percent in July, the highest unemployment rate in New England.
  • Connecticut’s unemployment rate declined 0.1 percentage points year over year, tied with New Hampshire for the fourth-largest percentage-point decline in July.

July Labor force percent increase:

New Hampshire: No. 1 – The number of New Hampshire nonfarm payroll employees grew 1.78 percent year over year to 679,900.

Rhode Island: No. 2 – The number of Rhode Island nonfarm payroll employees grew 1.73 percent year over year to 499,200.

Massachusetts: No. 3 – The number of Massachusetts nonfarm payroll employees grew 1.27 percent year over year to 3.6 million.

Maine: No. 4 – The number of Maine nonfarm payroll employees grew 1.02 percent year over year to 624,400.

Connecticut: No. 5 – The number of Connecticut nonfarm payroll employees grew 0.69 percent year over year to 1.7 million.

Vermont: No. 6 – The number of Vermont nonfarm payroll employees grew 0.25 percent year over year to 316,700.

Chris Bergenheim is the PBN web editor.

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