Rhode Island-Based Jobs up 1,200 from June;
August 16, 2018
Cranston, RI - The RI Department of Labor and Training announced today that the state’s seasonally adjusted unemployment rate for July 2018 was 4.1 percent, down two-tenths of a percentage point from the June rate of 4.3 percent. Over the year, the unemployment rate is down three-tenths of a percentage point from the July 2017 rate of 4.4 percent.
The U.S. unemployment rate was 3.9 percent in July 2018, down one-tenth of a percentage point from the previous month and down four-tenths of a percentage point over the year.
The number of unemployed RI residents — those residents classified as available for and actively seeking employment —was 23,300, down 700 from June. Over the year, the number of unemployed decreased by 1,100.
A total of 9,779 individuals collected Unemployment Insurance (UI) benefits in July 2018 *, down from 10,438 a year ago. This month, UI claimants accounted for 41.9 percent of the total unemployed.
The number of employed RI residents was 538,600, an increase of 1,800 from the June figure of 536,800. Over the year, the number of employed RI residents was up 8,400 from July 2017 (530,200).
The RI labor force totaled 561,900 in July 2018, up 1,000 from June 2018 and up 7,300 from July 2017 (554,600).
JOBS BASED IN RHODE ISLAND: The number of Rhode Island based jobs climbed to 503,800 in July, an increase of 1,200 jobs from the revised June employment level of 502,600. July marks four consecutive months of job gains in Rhode Island, totaling 5,400 jobs or an average of 1,400 jobs added per month. Overall, Rhode Island’s job count is up 9,200 from July 2017.
Local dining establishments continued to add to their payrolls in July as the number of jobs in the Accommodation & Food Services sector grew by 1,100 in July. This sector has reported four consecutive months of employment gains, totaling 2,500 jobs. Over the year, employment in the Accommodation & Food Services sector is up 2,400.
Following a gain of 500 jobs in June, the Health Care & Social Assistance sector continued an upward trend, adding 600 jobs in July. Health Care & Social Assistance employment is up 2,400 from a year ago.
The Other Services sector added 500 jobs in July. The growth was fueled by an increase within the sector’s civic and social organizations. Other Services employment is up 1,300 from July 2017.
After shedding employment for three consecutive months, the Wholesale Trade sector rebounded by adding 300 jobs in July. The Arts, Entertainment & Recreation sector, which has added jobs from April through June, continued its growth by adding 200 jobs in July. Wholesale Trade employment is down 200 from a year ago, while employment in Arts, Entertainment & Recreation is up 500 during this period.
The Transportation & Utilities, Information and Government sectors all reported a gain of 100 jobs in July. Transportation & Utilities (+400) and Information (+100) each reported over-the-year job gains, while Government employment remained unchanged from a year ago.
Offsetting some of the July job gains was a loss of 600 jobs reported in both the Financial Activities and Retail Trade sectors. This was the first job loss reported in Financial Activities since March of this year, while Retail Trade is coming off another loss of 600 jobs that was reported in June. The number of jobs in the Financial Activities sector is up 500 over the year, while the number of jobs in the Retail Trade sector is down 700 over the year.
Employment in the Educational Services sector fell by 300 from June, while being down 400 from July 2017.
Smaller job losses of 200 and 100 were reported in the Professional & Business Services and Construction sectors, respectively. Despite these declines, Professional & Business Services is up 1,200 jobs from a year ago, while Construction is up 900 jobs from a year ago.
While employment in the Manufacturing sector remained unchanged from June, employment is up 800 from July 2017.
MANUFACTURING: In July 2018, production workers in the Manufacturing sector earned $19.30 per hour, down five cents from June 2018, and down twelve cents from July 2017.
Manufacturing employees worked an average of 40.4 hours per week in July, down six-tenths of an hour over the month, but up an hour and one-tenth from a year ago.
*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.
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 measures 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 website at www.bls.gov/sae/cesprocs.htm. BLS will be releasing all states’ July labor force data and job counts on August 17, 2018. DLT is scheduled to release the August 2018 labor force figures and job counts on Thursday, September 20, 2018, at 10:00 a.m.
ABOUT DLT: The RI Department of Labor and Training offers employment services, educational services and economic opportunities 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, please call the RI Department of Labor and Training at (401) 462-8000 or visit the website at www.dlt.ri.gov.