Unemployment Rate Remains at 10.5 Percent (pdf)
April 17, 2009
The RI Department of Labor and Training announced today that the state’s seasonally adjusted unemployment rate for March remained at 10.5 percent, the same unemployment rate recorded in February.
However, the U.S. unemployment rate rose four-tenths of a percent over the month to reach 8.5 percent in March. Both the RI and U.S. unemployment rates are calculated through an estimating process that compares the number of unemployed residents to the total labor force.
In March, the number of unemployed RI residents—those residents classified as available for and actively seeking employment—increased by 100 over the month to reach 59,500. From March 2008 to March 2009, the number of unemployed RI residents increased by 20,800.
Due to numerous eligibility requirements, the number of unemployed RI residents differs from the number of RI unemployment insurance recipients. The average weekly claim load for RI unemployment insurance benefits in March was 45,964.
The number of employed RI residents totaled 504,900 in March, reflecting a decrease of 1,700 from the previous month. Over the year, the number of employed RI residents fell 25,400.
JOBS BASED IN RHODE ISLAND:
There were no industries reporting over-the-month job growth in March; however, employment in several industries remained unchanged, including Retail Trade, Transportation & Utilities; Educational Services; Accommodation & Food Services; Arts, Entertainment & Recreation; and Natural Resources & Mining.
From March 2008 to March 2009, RI jobs declined 22,000 (-4.5 %). Job declines occurred in nearly all economic sectors, with the most significant annual employment declines reported in Manufacturing (-4,900), Construction
Educational Services (+200) was the lone industry to report an over-the-year employment gain. Accommodation & Food Services and Natural Resources & Mining employment remained unchanged over the year.
MANUFACTURING: In March 2009, production workers in the Manufacturing sector earned $13.80 per hour. The average hourly production wage was down 29 cents from February 2009 and down 13 cents from March 2008. Manufacturing employees worked an average of 37.4 hours per week in March, up four-tenths of an hour over the month, but down nine-tenths over the year.
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 US Bureau of Labor Statistics as official since the methodology used at that time is not comparable to today’s methods. 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 at www.dlt.ri.gov/lmi. The April labor force figures are scheduled to be released on Friday, May 22, 2009.
About the RI Department of Labor and Training