RI Unemployment Dropped to 7.9% in June
Friday, July 18, 2014
The RI Department of Labor and Training announced that the state’s seasonally adjusted unemployment rate for June 2014 dropped to 7.9 percent.
This is down three-tenth of a percentage point from the May 2014 rate and down one and six-tenths of a percentage points from the June 2013 rate.
According to the Department of Labor and Training, Rhode Island added 2,000 jobs in the month of May.
GET THE LATEST BREAKING NEWS HERE -- SIGN UP FOR GOLOCAL FREE DAILY EBLASTLooking back, this is the lowest unemployment rate since July 2008. The unemployment rate is down one and fourth-tenth percentage points since the beginning of the year. The U.S. unemployment rate was 6.1percent in June 2014, down two-tenths from the previous month and down one and four-tenths percentage points over the year.
The number of unemployed RI residents—those residents classified as available for and actively seeking employment—was 44,200, down 1,400 from the May figure of 45,600. This represents the eleventh consecutive over-the-month decrease and the lowest unemployment level since June 2008.
The following chart was released from the Department of Labor and Training.
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