NEW: RI Unemployment Rate Drops to 9.2 percent in January

GoLocalProv News Team

NEW: RI Unemployment Rate Drops to 9.2 percent in January

The Rhode Island unemployment rate dropped to 9.2 percent in 2014, the lowest since November 2008, but still much higher than the national average (6.6%)

The January rate is down 0.1 percent from the revised December 2013 figure, and down 0.4 percent from January of last year.


The number of unemployed RI residents—those residents classified as available for and actively seeking employment—was 50,600, down 500 from the revised December figure of 51,100. This represents the sixth consecutive over-the-month decrease and the lowest unemployment level since October 2008. Over the year, the number of unemployed dropped by 3,200.

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The number of employed RI residents was up 600 over the revised December figures, increasing to 499,700 in January. Over the year, the number of employed RI residents decreased 6,500 from January 2013.

The RI labor force totaled 550,300 in January 2014, up 200 from December 2013 but down 9,700 from January 2013.
 


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