RI unemployment rate dips for sixth straight month
PROVIDENCE, R.I. – Rhode Island's unemployment rate dipped from 11.9 percent in July to 11.8 percent in August. It was the sixth consecutive month over month decline but still more than two percent higher than the national jobless rate.
Full employment is considered to be about five percent. Bryant University economics professor Edinaldo Tebaldi says that's a long way off.
"It's going to take several years to bring unemployment below ten percent," Tebaldi says. "So we're still a long way from talking about full employment here in Rhode Island."
Job gains were reported in construction, health care, and transportation.
The big loser was manufacturing which shed 12-hundred jobs.