RI Economy
8:22 am
Fri March 1, 2013

RI unemployment rate improving

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Credit RIPR file

Rhode Island’s unemployment rate fell below 10 percent in December for the first time in almost four years. But four key sectors lost more jobs than previously thought.

Rhode Island’s unemployment rate had been previously reported at 10.2 percent. But revised information released by the state Department of Labor and Training shows the actual rate was 9.9 percent. The revision is based on actual tax records, says the DLT.

The last time Rhode Island’s unemployment rate had been in single digits was in February 2009. Rhode Island was tied with Nevada for the highest unemployment rate, but the revised number moves the state to second-highest.

In a statement, Governor Lincoln Chafee says he’s encouraged by the revised numbers. The governor says his administration is creating a climate of certainty and stability to bolster job growth.
Chafee says the fall of the unemployment rate below 10 percentis a good sign.

“Well, it’s steady progress. We’re still not satisfied being high as we are, but we’re going in the right direction. And that’s very important. I’m a big believer in metrics and the metrics are showing we’re doing the right thing – managing the state well.”

But the revised numbers show four key sectors lost additional jobs in December. Those are educational services, information, manufacturing and construction.

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