Rhode Island’s unemployment rate edged down slightly in October to 7.4 percent. It’s a number that has consistently dropped over the last 15 months.
October’s jobless rate is the lowest it’s been since April of 2008. But still the state lost 2600 jobs. The Department of Labor and Training finds Rhode Island’s 7.4 percent unemployment rate higher than the national rate of 5-point-8 percent but lower than the 9.4 percent jobless rate a year ago.
The Department of Labor and Training has stepped in to help the more than 70 workers laid off from the Osram Sylvania plant in Central Falls. The plant shut its doors last Friday.
Those former plant workers are now receiving benefits from a federal program that provides career counseling and helps them pay for amongst other things the commute to job training or to relocate. DLT spokesman Mike Healey said this federal program is more generous because it targets factory workers who tend to be older and have worked most of their lives in the plant.