R.I. Unemployment Rate Unchanged in October at 4.2 %

Nov 16, 2017

Credit Aaron Read / RIPR

Rhode Island’s seasonally adjusted unemployment rate held steady in October at 4.2 percent, just slightly above the national rate of 4.1 percent.

The October jobs report showed that the state has witnessed three consecutive months of job losses, which total 3,900 jobs. The accommodation and food sector was down 700 jobs in the month and employment in the educational services category fell by 500, which came on the heels of a drop of 800 in September. Odsetting those job losses in October was a gain of 700 in professional and business services and 600 in finance.

Rhode Island’s largest job category, health care and social assistance, gained 400 jobs. A loss of 100 jobs occurred in government services.