RI's jobless rate hits lowest point in six years - News, Weather and Classifieds for Southern New England

RI's jobless rate hits lowest point in six years

Posted: Updated:

Rhode Island's unemployment rate edged down in March to 8.7 percent, the lowest since September 2008, but the number of jobs also declined, state officials reported Thursday.

The state Department of Labor and Training said the jobless rate fell three-tenths of 1 percentage point from February.

The number of unemployed residents was down 1,100 from February's revised figure, to 48,500. That's the eighth straight month of decline and 4,500 fewer jobless than a year ago, according to the employment report. It's also the lowest number of unemployed since August 2008.

The size of Rhode Island's labor force was up 1,500, to 554,400. But that's down 4,600 from a year ago.

The number of jobs in the state also was down 800 from the revised February estimate, to 475,800. The accommodation and food services sector lost 400 jobs, and the retail trade sector lost 300.

The U.S. unemployment rate for March was 6.7 percent, unchanged from February. A year ago it was 7.5 percent.

Rhode Island's jobless rate a year ago was 9.5 percent. The state has had one of the highest unemployment rates in the country for years.

Powered by WorldNow

23 Kenney Drive
Cranston, R.I., 02920

Telephone: 401.455.9100
Fax: 401.455.9140
Email: news@wjar.com

Can't find something?

NBC 10 Outerwear Provided by:

NBC 10 Media Relations
Provided by:

Powered by WorldNow
All content © Copyright 2000 - 2014 Media General Communications Holdings, LLC. A Media General Company.