RI Unemployment Rate Falls To 10.2 Percent
PROVIDENCE, R.I. (AP) â¿¿ Rhode Island's unemployment rate has dipped to its lowest level in nearly three years amid other encouraging economic signs.
The state Department of Labor and Training said Thursday the jobless rate for December was 10.2 percent, down from 10.4 percent in November.
The number of Rhode Island-based jobs was up 1,200, to 458,800, from the revised November estimates. The professional and business services sector added the most positions.
The number of employed residents increased by 2,200, to 508,400, from the month before. The labor force also grew by 1,300, to 566,200.Gov. Lincoln Chafee said in his state-of-the-state address Wednesday that the state economy is on the rebound. A year ago December, Rhode Island's unemployment rate was 11 percent. The U.S. unemployment rate in December was 7.8 percent.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV