RI Department of Labor and Training
 MEDIA ADVISORY
 

Rhode Island employment higher in 2010 than reported by previous survey (pdf)
> RI unemployment rate topped at 11.8 percent last year
> RI-based jobs exceeded earlier estimates by an average of 7,700 jobs each month.

March 4, 2011

The RI Department of Labor and Training reports that the state's economy performed better than initially reported in 2010, with RI-based jobs increasing by an average of 7,700 each month over original estimates.

The department also reports that the highest unemployment rate recorded in Rhode Island last year was 11.8 percent, not the 12.7 percent originally attributed to the early months of 2010.

This latest information comes from the department’s annual benchmarking process, in which sample job counts gathered through monthly surveys of 1,500 RI employers is replaced with actual tax records from all RI employers for the period of October 2009 to September 2010. Employment estimates for October through December 2010 are then recalculated based on the new benchmark data. Labor force data is then updated based on the new job estimates, revised unemployment insurance claims data and the most recent population data.

The benchmark process also has revealed that the seasonally adjusted unemployment count reached a high of 67,800 unemployed RI residents rather than the 73,300 unemployed originally reported.

Just as the number of unemployed was overestimated, the seasonally adjusted employment count was underestimated, reaching a low for the year of 504,400 employed residents rather than the 503,400 originally reported, and a high for the year of 511,100 employed resident rather than the 507,700 originally reported.

 

2010 Seasonally Adjusted RI-Based Job Counts (in thousands)

 

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Benchmarked

457.5

457.3

458.4

458.2

459.7

458.0

459.9

460.5

459.8

459.5

458.8

458.2

Previously Published

453.2

452.4

452.4

448.6

451.4

451.2

451.7

451.9

450.4

451.1

449.9

449.5


2010 Seasonally Adjusted Employment (in thousands)

 

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Benchmarked

  504.4

506.0

507.5

508.6

509.2

509.5

509.7

509.9

510.3

510.6

510.8

511.1

Previously Published

  503.4

504.9

505.8

507.0

507.7

506.8

505.5

504.6

505.1

506.2

506.1

507.1


2010 Seasonally Adjusted Unemployment (in thousands)

 

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Benchmarked

67.5

67.8

67.8

67.6

67.3

67.0

66.7

66.6

66.4

66.3

66.2

66.2

Previously Published

73.3

73.2

72.7

72.3

71.2

69.3

68.3

67.5

65.9

65.3

66.1

66.0


2010 Unemployment Rates (seasonally adjusted)

 

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Benchmarked

11.8%

11.8%

11.8%

11.7%

11.7%

11.6%

11.6%

11.5%

11.5%

11.5%

11.5%

11.5%

Previously Published

12.7%

12.7%

12.6%

12.5%

12.3%

12.0%

11.9%

11.8%

11.5%

11.4%

11.6%

11.5%

For the month of December 2010, the count of RI-based jobs was revised up from 449,500 to 458,200, showing an improvement of 8,700 jobs. The sectors which experienced the largest upward revisions in December 2010 as a result of the benchmarking process were Accommodation & Food Services (+2,900), Administrative & Waste Services (+2,400), Retail Trade (+2,100), Wholesale Trade (+1,100) and Manufacturing (+900). Approximately half of the gain in Administrative & Waste Services can be attributed to employment services, a subsector which includes temporary help agencies. Most of the gain in Accommodation & Food Services (+2,900) can be attributed to Full Service restaurants.

Offsetting the upward revisions were smaller downward revisions in the Construction (-600), Transportation & Utilities (-400), Other Services (-300) and Government
(-200) sectors. 

As part of the benchmarking process, unadjusted establishment employment for 2009 and 2010 and seasonally adjusted employment counts for 2006 to 2010 are also revised, as are labor force statistics. This data is available through the Labor Market Information online data center at www.dlt.ri.gov/lmi.

 

 

The RI Department of Labor and Training offers employment services, educational services and economic opportunity to both individuals and employers. DLT protects Rhode Islandís 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.

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