Contact:Joyce D'Orsi (401) 462-8762
Donna Murray (401) 462-8751
April 15, 2005
Rhode Island Department of Labor and Training Director Adelita S. Orefice announced today that Rhode Island's seasonally adjusted unemployment rate for March was 4.5 percent, up slightly from February's estimate of 4.4 percent. The number of employed Rhode Island residents climbed by 1,700 over the month, while the number of unemployed increased by 600 to 25,400 in March. A year ago, the unemployment rate was 5.4 percent, and the number of unemployed stood at 30,300. Nationally, the unemployment rate for March dipped to 5.2 percent, down from 5.4 percent in February and 5.7 percent a year ago. Rhode Island's unemployment rate has remained below the national average since August 2001.
"Labor market conditions in Rhode Island showed little change in March as our unemployment rate inched up only a tenth of a percentage point," said DLT Director Orefice. "Although the job market stalled a bit in March, we are optimistic that hiring will pick up again over the next several months."
Rhode Island Job Highlights
Jobs at Rhode Island businesses were down 100 (-0.02%) last month, bringing the March job count to 491,900 (seasonally adjusted). Although job growth was reported in several sectors, including Trade, Transportation & Utilities (+400), Leisure & Hospitality (+400), and Educational & Health Services (+400), the job losses in Manufacturing (-500) and Construction (-100), along with declines in sectors that are not seasonally adjusted, led to an overall reduction in total nonfarm employment. Government employment remained unchanged over the month.
March's slight loss of 100 jobs marks the first monthly employment decline since September. Two Private sector industries - Manufacturing and Construction - experienced a one-month downturn. Three sectors reported continued growth, as Professional & Business Services, Educational & Health Services and Financial Activities each reported successive monthly job gains of six months, five months and four months, respectively. Trade, Transportation & Utilities, as well as Leisure & Hospitality, each reported a one-month job gain. Government employment remained stable in March following two months of job increases.
Over the year, employment was up 5,100 (+1.0%) from the 486,800 jobs reported in March 2004. The largest gains were noted in Educational & Health Services (+2,600); Professional & Business Services (+2,500); Leisure & Hospitality (+2,200); and Financial Activities (+1,300). The largest private sector employment losses occurred in Trade, Transportation & Utilities (-1,700) and Manufacturing (-900). Government employment decreased by 100 jobs.
Hours and Earnings
In March 2005, the $12.99 average hourly wage earned by the Manufacturing sector's production workers remained even over the year, but reflected a monthly loss of one cent per hour. Manufacturing employees worked an average of 37.9 hours per week in March, unchanged over the month, but down 1.9 hours from last year.
Note: Current month figures are preliminary; prior month and year are revised.
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.
The employment figures in the "Rhode Island Job Highlights" section are derived from a survey of businesses in Rhode Island and measure the number of jobs in the state.
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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 work force is protected through the enforcement of labor laws, prevailing wage rates, and work place 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 our web site at www.dlt.ri.gov
Auxiliary aids and services are available upon request to individuals with disabilities.
TDD (401) 462-8006