RI unemployment rate

Aaron Read / RIPR

Rhode Island's March unemployment rate dropped two-tenths of a percentage point from February, bringing it to 4.3 percent. That's according to the state Department of Labor and Training.

Aaron Read / RIPR

 The New England office of the U.S. Bureau of Labor Statistics reports Rhode Island had the highest unemployment rate in the region last year.

Aaron Read

Rhode Island’s unemployment rate fell to 5.4 percent in September, down from 5.7 percent in August and 7.2 percent a year earlier, according to new numbers from the Rhode Island Department of Labor and Training.

The drop came as the national unemployment rate held steady at 5.1 percent.

Seasonally adjusted figures showed that 1,300 fewer  Rhode Island residents were actively seeking work in September, compared with August. The number is down by more than 9,000 since this time a year ago.  

Aaron Read / RIPR

The state’s unemployment rate ticked down in January, compared to the same month a year ago.  The rate is now 6.5 percent; the state’s lowest since the start of the recession.

That’s down more than two percentage points since January of last year (when it stood at 8.6).  It’s been seven years since the state’s unemployment rate has been this low, back in February of 2008.  Despite the good news, Rhode Island’s unemployment rate remains higher than the national average, of 5.7 percent.

RIPR FILE

A bill scheduled to be introduced Thursday would use tax credits to try to spark the creation of jobs.  

State Representative Joseph Shekarchi (D-Warwick) is introducing his job development tax credit bill for the third time. He said it’s modeled on a program that incentivizes larger employers to create jobs by lowering their taxes.

Aaron Read / RIPR

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.

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.