Rhode Island Department of Labor and Training

 

Rhode Island Economy Gained 5,700 Jobs in 2006 (pdf)

March 2, 2007


 

The RI Dept. of Labor and Training reported that the state's economy had performed better than initially predicted during the second half of 2006, with a year-end net growth of 5,700 jobs in Rhode Island. Previous estimates indicated only 200 additional RI jobs created in 2006. The state actually ended the year with 495,900 workers when compared to the revised December 2005 job count of 490,200.

"This is welcome news, and shows that Rhode Island's economy is moving in the right direction," said RI DLT Director Adelita S. Orefice. RI employment figures have been trending upward since Sept. 2006.

Job growth in 2006 was strongest in the sectors of Professional & Business Services (+2,000); Health Care & Social Assistance (+1,900); Financial Activities (+1,900); and Construction (+1,500). The only major job loss occurred in the Manufacturing sector, which declined by 2,000 jobs. Small declines were also noted in Retail Trade (-200), Information (-200) and Government (-100).

Orefice said that revised figures also reveal that from the end of 2005 through mid-2006, the Rhode Island economy had been weaker than originally thought; revisions to the employment figures ranged from 700 to 3,500 lower than originally reported during the months of October 2005 through July 2006.

At the beginning of each year, the RI Dept. of Labor and Training revises the previous year's job figures, based on the most recent data culled from RI businesses.

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The establishment employment figures are 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 on our web site www.dlt.ri.gov/lmi




The Rhode Island Department of Labor and Training offers a wide array of employment and training services to both the general public and to individuals with unusual barriers to employment. DLT is ready to assist any job seeker, whether the goal is a first job, a better job, or a career change. Rhode Island's workforce is protected through the enforcement of labor laws, prevailing wage rates, and workplace health and safety standards. Temporary income support is available to unemployed, sick, or injured workers and a comprehensive rehabilitation program is available to those injured on the job.

DLT is dedicated to the growth and competitiveness of Rhode Island industry, administering a variety of training grants, tax credits, and apprenticeship programs to help employers. Economic indicators and labor market information are available for long-range planning. The Agency engages in active outreach, helping large and small employers retain their best workers or retrain their existing work force. At no cost to the employer, DLT will also screen job applicants, post job vacancies, and help businesses institute cost-sharing programs that can avert layoffs.

For more information on the innovative programs and services available to all Rhode Islanders at the Department of Labor and Training, please call (401) 462-8000 or visit the web site at
www.dlt.ri.gov

Equal Opportunity Employer/Program
Auxiliary aids and services are available upon request to individuals with disabilities.
TDD (401) 462-8006