RI Unemployment Higher than Originally Reported: Up to 9.3 Percent

RI Unemployment Higher than Originally Reported: Up to 9.3 Percent

The RI Department of Labor and Training's annual revision of the 2013 RI-based jobs and labor force estimates show that the state had a higher job count than previously published, but also shows a higher unemployment rate than was originally reported.

Benchmark revisions to the state’s unemployment rate, which had previously ranged between 8.8 percent and 9.8 percent in 2013, indicate that the rate reached a high of 9.6 percent several times during 2013 and ended at a low of 9.3 percent in December.

According to previously published data, the 2013 annual average unemployment rate was 9.1 percent. This average was revised to 9.5 percent following the benchmark process. The 2013 annual average rate is down eight-tenths of a percentage point from the revised 2012 average rate of 10.3 percent.

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The RI Department of Labor and Training also reports that the number of Rhode-Island based jobs averaged 470,800 in 2013, approximately 3,100 more than the 467,700 initially reported. All twelve months reported significant upward revisions after the benchmark. In June, an upward revision of 5,400 total non-farm jobs marked the largest revision for 2013, while December recorded the smallest upward revision of 1,200 jobs.