Labor Market Information
July 22, 2005
"The addition of 700 jobs in June marks the ninth consecutive month of job growth in Rhode Island," reported Department of Labor and Training Director Adelita S. Orefice. "Our employers have been steadily adding jobs. As we enter the summer months, we expect that businesses will be hiring more workers, and the economy will continue to move in the right direction."
Rhode Island's seasonally adjusted unemployment rate for June was 4.8 percent. The June jobless rate was 0.3 of a percentage point higher than May, but was 0.4 lower than June of last year. The number of unemployed increased by 1,400 over the month to 27,300. Compared to a year ago, the jobless level is down 2,100. Nationally, the unemployment rate for June inched down a tenth of a percentage point to 5.0 percent, its lowest level since September 2001. A year ago the US rate was 5.6 percent. Rhode Island's unemployment rate has remained below the national average for nearly four years (since August 2001).
Rhode Island Job Highlights
Jobs at Rhode Island businesses increased by 700 (+0.1%) last month, bringing the June job count to 495,000 (seasonally adjusted). Modest over-the-month gains in Government (+300); Leisure & Hospitality (+200); Manufacturing (+200) and sectors not seasonally adjusted offset losses reported in Professional & Business Services (-300); Educational & Health Services (-200); Construction (-200) and Financial Activities (-100).
gain of 700 jobs marks the ninth consecutive month of employment gains. Since
the beginning of the year employment in Rhode Island is up by 3,900 (0.8%) jobs.
Educational & Health Services (+1,400) reported the largest job gain, closely
followed by Leisure & Hospitality (+1,200). Employment in Professional &
Business Services (+500), Construction (+400), Financial Activities (+400) and
Government (+600) jobs is also up since January 2005.
Over the year, employment was up 6,600 (+1.4%) from the 488,400 jobs reported in June 2004. The largest over-the-year gains were noted in Educational & Health Services (+2,800); Leisure & Hospitality (+2,500); Professional & Business Services (+2,300); Financial Activities (+1,100); and Construction (+500). Manufacturing (-2,000) and Trade, Transportation & Utilities (-700) were the only two sectors to report yearly declines. Government employment increased by 100 jobs over the year.
Hours and Earnings
In June 2005, the $13.07 average hourly wage earned by the Manufacturing sector's production workers represented a monthly gain of seven cents per hour, and an over-the-year gain of three cents per hour. Manufacturing employees worked an average of 38.9 hours a week in June, up 0.2 of an hour over the month, but down 0.7 of an hour 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.
Rhode Island Labor Market Information is available on our web site at www.dlt.ri.gov/lmi
The July labor force figures are scheduled to be released on Friday, August 19, 2005.
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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