The RI Department of Labor and Training announced today that the state’s seasonally adjusted unemployment rate for September 2014 remained at 7.6 percent, unchanged from the revised August 2014 rate and down one and nine-tenths percentage points from the September 2013 rate. The original August rate, reported at 7.7 percent by the Bureau of Labor Statistics (BLS), has since been revised down and finalized at 7.6 percent. Along with last month, this is the lowest unemployment rate since June 2008. The unemployment rate is down one and seven-tenths percentage points since the beginning of the year.
The U.S. unemployment rate was 5.9 percent in September 2014, down two-tenths of a percentage point
from the previous month and down one and three-tenth percentage points over the year.
The number of unemployed RI residents—those residents classified as available for and actively seeking employment—was 42,300, down 300 from the August figure of 42,600. This represents the 14th consecutive over- the-month decrease and the lowest unemployment level since May 2008. Over the year, the number of unemployed dropped by 10,400.
A total of 9,081 individuals collected Unemployment Insurance (UI) benefits in September 2014,* down from 10,522 a year ago. This month, UI claimants accounted for 22.5 percent of the total unemployed.
The number of employed RI residents was 513,400, down 500 from the August figure of 513,900. Over the year, the number of employed RI residents was up 12,900 from September 2013.
The RI labor force totaled 555,800 in September 2014, down 700 from August 2014 and up 2,600 from
JOBS BASED IN RHODE ISLAND
Estimated nonfarm payroll in Rhode Island totaled 478,900 in September, reflecting a gain of 400 jobs from the revised August employment estimate of 478,500. The third quarter of 2014 ended with three consecutive months of job gains totaling 2,300. Of the 2,300 third quarter jobs that were added, 2,200 were generated in the private sector. BLS also determined that jobs were higher in August 2014 than originally estimated. This resulted in a gain of 700 jobs between July and August instead of 100 jobs as initially estimated.
Educational Services employment grew by 1,800 in September as local private colleges and universities returned to the classrooms for the fall semester.
Smaller but positive jobs gains were reported in four employment sectors, including Financial Activities (+200), Transportation and Utilities (+100), Arts, Entertainment and Recreation (+100) and Health Care and Social Assistance (+100). Employment in Accommodations and Food Services, Wholesale Trade and Mining and Logging remained unchanged from August.
More WBOB Reads
Unbiased, Unfiltered. WBOB's Original Reads feature our brightest and boldest personalities, offering their two-cents on the goings on of news, sports, politics, entertainment, and business. -- Are our opinions always PC? Nope. Are they always perfect? Nah. But, are they always 100% authentic? Absolutely!