Unemployment Rate Rises in Rhode Island
Like the national unemployment rate, Rhode Island’s jobless rate rose slightly in May.
Rhode Island’s unemployment rate rose to 8.9 percent in May – up one tenth of a percentage point from the April rate. It was the first month-over-month increase in the state’s un employment rate in almost two years.
The number of unemployed Rhode Islanders – those classified as available for and actively seeking work – was 49,600 – up 200 from the April figure. Over the year, however, the number of unemployed has fallen by almost ten thousand.
The education sector took the biggest hit – shedding 11-hundred jobs due to larger than usual employment losses at colleges and universities. Also losing reporting job losses were professional and business services, health care, and manufacturing. Employment in five sectors – construction, financial activities, government, information and mining and logging – was unchanged.
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