Third Worst Unemployment Rate in the United States
Providence – The Rhode Island Department of Labor and Training (RIDLT) released August unemployment figures on Friday. The state’s unemployment rate remained unchanged at 7.7 percent, 1.6 points higher than the national average of 6.1 percent.
Employed workers fell by 1500, Labor Force fell by 2,000
The number of unemployed Rhode Islanders being tracked by RIDLT was 42,574 down 434 from July’s total unemployed of 43,140.
The number of employed RI residents was 513,893, down 1,487 from the July figure of 515,380. The RI labor force, also down, totaled 556,500 in August 2014, down 2,000 from July 2014.
Although the August employed total was down by almost 1,500 employed residents, the number of employed had increased from the same period in 2013 by 12,600.
Professional and Business Services Sector Hit Hard
According to RIDLT, offsetting gains in job growth was a loss of 900 jobs reported in the Professional and Business Services sector as large payroll declines were counted among those who perform services to buildings and dwellings as well as those who perform remediation services.
Health Care Adds Jobs
The Health Care and Social Assistance sector added 800 jobs in August reporting gains in ambulatory health care services and hospitals.
Full service restaurants also saw gains in the last month of summer, adding 500 jobs.
The entire report can be accessed here.