Rhode Island’s unemployment rate has fallen to its lowest level in more than four years. The latest data from the state Labor Department indicates people may be finding work outside of the state.
Rhode Island’s February unemployment rate was 9.4 percent. That’s down 4/10 of a percentage point from the January rate and the lowest unemployment level since November 2008.
The number of unemployed Rhode Island residents: those classified as available for, and actively seeking employment, now stands at 53,000, down roughly 2,000 from the January figure.
The upbeat news has a downside though. The number of jobs based in Rhode Island fell by 2600 last month because, largely because of losses in the hospitality industry.
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