Ri unemployment

Aaron Read

Rhode Island’s unemployment rate  inched down to 5.9 percent in June, the lowest level since 2007, the state Department of Labor and Training has announced.

The rate has dropped 1.8 percentage points since June, 2014, when it was 7.7 percent.  The level in May was 6.0 percent. Rhode Island’s jobless rate is still above the national average, which was 5.3 percent in June, six-tenths of a percent lower than in the Ocean State.

In a statement, Gov. Gina Raimondo lamented that Rhode Island is not recovering from the recession as fast as the rest of the country.

Continuing the themes of her gubernatorial campaign, Gov. Gina Raimondo took office as Rhode Island’s first female governor this afternoon with a pledge to work diligently to improve the state’s struggling economy.

Raimondo, 43, a Rhodes Scholar and Harvard University graduate, projected optimism and a can-do attitude as she delivered her inaugural address under snow flurries and a January chill on the south steps of the State House.

RIPR FILE

Governor-elect Gina Raimondo is staging an economic policy summit with 80 so-called “thought leaders” Tuesday. The event is supposed to develop ideas for improving the state’s economy.

Raimondo’s transition office declined to release an advance list of the business people and other leaders invited to the event. They’ll take part in a three-hour discussion at URI’s Providence campus.  The governor-elect’s transition initially planned to close most of the meeting to the media. But the full session will now be open to reporters.

Kristin Gourlay / RIPR

Gov.-elect Gina Raimondo is meeting with Rhode Island business leaders as she shapes her new administration. RIPR political analyst Scott MacKay hopes the business hierarchy steps up to help her.

Raimondo is taking over a state government that is much better off than the one Gov. Lincoln Chafee inherited from Don Carcieri four years ago. Unemployment was 11.4 percent; now it’s at 7.4 percent. The state budget deficit is much lower and cities and towns are not hovering over bankruptcy. Even Central Falls is out of receivership.

Aaron Read / RIPR

Rhode Island’s unemployment rate has inched down again, from 7.9 percent in June to 7.7 percent in July, according to data released today by the R.I. Department of Labor and Training.

The 7.7 percent rate is the lowest level since June, 2008, according to figures compiled by the DLT.

The number of Rhode Island based jobs increased by 1,200 from June 2014 and 5,600 since June 2013.

The estimates for nonfarm payroll in the Ocean State was 477,800 in July, the highest number since September 2008.

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