Jobs Added in May (pdf)
June 18, 2015
Department of Labor and Training announced today that the state’s seasonally
adjusted unemployment rate for May 2015 dropped to 5.9 percent, down
two-tenths of a percentage point from the April 2015 rate of 6.1
percent. Over the year, the unemployment rate is down two percentage
points from the May 2014 rate. This is the lowest unemployment rate
since November 2007.
The number of unemployed
RI residents—those residents classified as available for and
actively seeking employment—was 33,100, down 600 from the April figure
of 33,700. This represents the lowest unemployment level since October
2007. Over the year, the number of unemployed dropped by 10,800.
A total of 9,098 individuals collected Unemployment Insurance (UI) benefits in May 2015,* down from 10,382 a year ago. This month, UI claimants accounted for 28.3 percent of the total unemployed.
number of employed RI residents was
523,400, up 3,300 from the April figure of 520,100. Over the year, the
number of employed RI residents was up 12,000 from May 2014.
labor force totaled 556,400 in May 2015, up 2,600 from April 2015 and up
1,100 from May 2014.
in the Accommodation & Food Services sector continues to grow as
1,300 workers were added to the May payroll. In all, this industry
sector has grown by 2,200 since the start of the year. Mild temperatures
in May and a spectator crowd in
Professional & Business Services rose by 1,000, marking two
consecutive months of job gains totaling 2,400 jobs and establishing a
record high employment level for this sector.
data in May reports indicates that the Financial Activities sector added
500 jobs since April, the largest over-the-month gain since July 2000
In addition, the Other Services (+400), Transportation & Utilities (+300), Manufacturing (+300), Arts, Entertainment & Recreation (+200), Wholesale Trade (+200) and Construction (+100) sectors all reported over-the-month job growth.
of four industry sectors reported employment declines in May, led by the
Government sector which fell by 300 jobs, followed by a loss of 200 jobs
in each of the Health Care & Social Assistance, Educational Services
and Retail Trade sectors.
in Information and Mining & Logging remain unchanged.
year, total nonfarm employment increased by 6,700 as job gains appeared
in seven economic sectors, including Accommodation & Food Services
(+2,900), Professional & Business Services (+1,900), Other Services
(+1,400) and Manufacturing (+1,200). Smaller over-the-year gains were
also noted in Transportation & Utilities (+900), Financial
Activities (+400) and Educational Services (+300).
Employment in six sectors — Construction (-900), Government
(-500), Retail Trade (-400), Information
(-300), Health Care & Social Assistance (-100) and Wholesale
Trade (-100) — was down over the year. Employment in
Arts, Entertainment & Recreation and Mining & Logging was
unchanged since May 2014.
MANUFACTURING: In May 2015, production workers in the Manufacturing sector earned
$17.53 per hour, down 21cents from April 2015 and down 88 cents from May
2014. Manufacturing production employees worked an average of 38.5 hours
per week in May, down an hour and three-tenths over the month and over
METHODOLOGY: The unemployment figures are based largely on a survey of households in Rhode Island and measure the unemployment status of people who live in the state. Unemployment rates prior to 1976 are not recognized by the U.S. Bureau of Labor Statistics as official since the methodology used at that time is not comparable to today’s methods. The establishment of employment figures is derived from a survey of businesses in Rhode Island and measure the number of jobs in the state. Rhode Island labor market information is available at www.dlt.ri.gov/lmi. Additional information on procedures for producing Current Employment Statistics (CES) estimates is available on the BLS web site at http://www.bls.gov/sae/cesprocs.htm. The June 2015 labor force figures are scheduled to be released on Thursday, July 16, 2015, at 2:00 p.m.
*Refers to the number of new and reopened claims filed by UI beneficiaries and claims filed by those already collecting UI in the week that includes the 12th of the month.
ABOUT DLT: The RI Department of Labor and Training offers employment services, educational services and economic opportunity to both individuals and employers. DLT protects Rhode Island’s workforce by enforcing labor laws, prevailing wage rates and workplace health and safety standards. The department also provides temporary income support to unemployed and temporarily disabled workers. For more information on the programs and services available to all Rhode Islanders, please call the RI Department of Labor and Training at (401) 462-8000 or visit the web site at www.dlt.ri.gov.