Unemployment rate in Providence metro rises to 2.8% in October

The unadjusted unemployment rate in the Providence-Warwick metropolitan area was 2.8% in October, an increase from 2.4% in September but a decrease from 3% in October 2022, the U.S. Bureau of Labor Statistics said Thursday.  / PBN FILE PHOTO / ARTISTIC IMAGES

PROVIDENCE – The unadjusted unemployment rate in the Providence-Warwick metropolitan area was 2.8% in October, up from 2.4% in September but a decrease from 3% in October 2022, the U.S. Bureau of Labor Statistics said Thursday. 

Unadjusted for seasonal employment patterns, the U.S. jobless rate in October was 3.6%, up from 3.4% a year earlier. The BLS said that unemployment rates were higher in October than a year earlier in 233 of the 389 U.S. metropolitan areas, lower in 137 areas and unchanged in 29 areas. 

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There were 19,976 people unemployed in the Providence metro area in October, down from 20,777 one year prior. The labor force in the area totaled 704,557 in October, a decline from 700,078 one year prior.    

In the New Bedford metro area in October, the unemployment rate was 3.4%, same as September but down from 4.6% in October 2022.

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There were 2,827 people unemployed in the New Bedford metro area in October, down from 3,822 one year prior. The labor force in the area totaled 82,942 in October, a decrease from 83,606 one year prior.

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