NEW: RI Unemployment Rate Dropped to 7.7% in July

GoLocal News Team

NEW: RI Unemployment Rate Dropped to 7.7% in July

The unemployment rate in Rhode Island dropped to 7.7 percent in July, down from the June 2014 rate of 7.9% and the July 2013 rate of 9.6%, according to the RI Department of Labor and Training.

The 7.7 percent rate is the lowest seasonaly adjusted unemployment rate since June 2008, and is down one and six-tenths percentage points since the beginning of the year.  The U.S. unemployment rate was 6.2 percent in July 2014.

RI-Based Jobs Up

According to the DLT, the number of RI-based jobs is up 1,200 from June 2014 and up 5,600 since June 2013.

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The number of unemployed RI residents—those residents classified as available for and actively seeking employment—was 43,100, down 1,100 from the June figure of 44,200.

This represents the 12th consecutive over-the-month decrease and the lowest unemployment level since May 2008. Over the year, the number of unemployed dropped by 10,200.

The number of employed RI residents was unchanged from the June figure of 515,400. Over the year, the number of employed RI residents was up 13,100 from July 2013.

The RI labor force totaled 558,500 in July 2014, down 1,100 from June 2014 and up 2,900 from July 2013


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