NEW: RI Loses 2,400 Jobs in August

GoLocalProv Business Team

NEW: RI Loses 2,400 Jobs in August

RI loses 2,400 jobs in August
Rhode Island lost 2,400 jobs during the month of August, according to the RI Department of Labor and training.

This marks the first time since March in which the state has lost jobs.

Governor Gina Raimondo defended the job loses. "When I took office the state's unemployment rate was one of the worst in the nation at well over 6 percent. People were struggling. The consistent improvement we've seen is proof that our approach is working, and we need to keep going," said Governor Gina Raimondo. "It's more important than ever that we protect our investments in job training and our innovative economic development programs to ensure we don't lose any of the traction we've gained."

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RI Loses Jobs

The number of Rhode Island based-jobs fell to 501,900 in August, a decrease of 2,400 jobs from the revised July employment level of 504,300. 

The number of employed RI residents was 539,600, an increase of 1,000 from the July number of 538,600.

Since August of 2017, the number of employed RI residents was up 8,900 from August of 2017.

The RI labor force totaled 562,200 in August of 2018, up 200 from July of 2018 and up 6,900 from August 2017

Unemployment Rate Drops to 4.0%

While Rhode Island lost jobs, the state’s unemployment rate dropped to 4.0 %, down one-tenth of a percentage point from July.

The number of unemployed RI residents was 22,500, down 800 from July.

Since last year, the number of unemployed decreased by 2,100.

Across the country, the unemployment rate was 3.9% in August, unchanged from the previous month and down half of a percentage point over the year.


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