Contact: Joyce D'Orsi (401) 462-8762
Donna Murray (401) 462-8751
Labor Market Information
Sept. 16, 2005
Rhode Island's seasonally adjusted unemployment rate for August was 5.2 percent. The August jobless rate showed little change (+0.1 of a percentage point) from July and from August of last year The number of unemployed residents edged up 300 over the month to 29,500 in August. Compared to a year ago, the jobless level is up 900. The over-the-month increase in the number of unemployed, along with a rise in the number of employed residents (+2,500), accounted for a gain of 2,900 in the labor force. Nationally, the unemployment rate for August inched down 0.1 of a percentage point to 4.9 percent. A year ago, the US rate was 5.4 percent. Rhode Island's unemployment rate for August remained above the national average for the second straight month.
Rhode Island Job Highlights
The Rhode Island job count (seasonally adjusted) decreased in August, following ten successive months of increased employment. Businesses in the state reported a decline of 600 jobs, bringing the August job count to 495,800 (seasonally adjusted). Over-the-month employment losses were reflected in Manufacturing (-300); Government (-300); Leisure & Hospitality (-200); and Trade, Transportation & Utilities (-100). Construction (+300); Professional & Business Services (+300); and Educational & Health Services (+200) experienced monthly gains. Financial Activities remained even over the month.
"The number of jobs in Rhode Island declined slightly in August. While we don't expect to see employment increases every month, the overall trend has been very encouraging - ten out of eleven months of job gains," said DLT Director Adelita S. Orefice. "This month's decline follows a gain of 7,400 jobs over the past ten months. Overall, we're still on the right track."
Although employment experienced a slight drop in August, non-farm employment in the state is up by 4,700 (+1.0%) jobs since January 2005. During this eight-month period, the Leisure & Hospitality (+1,600), Educational & Health Services (+1,600), Construction (+700), and Professional & Business Services (+700) sectors reported the largest employment gains, while job losses were noted in Manufacturing (-1,500).
up 6,400 (+1.3%) from the 489,400 jobs reported in August 2004. The largest
employment growth noted during this period occurred in the Educational &
Health Services (+2,700), Leisure & Hospitality (+2,200), Financial Activities
(+1,300) and Professional & Business Services (+1,300) sectors, offsetting
over-the-year losses in Manufacturing (-2,100) and Trade, Transportation &
Utilities (-700). Since last August, Government employment has remained stable.
Hours and Earnings
In August 2005, the $13.12 average hourly wage earned by the Manufacturing sector's production workers represented a monthly gain of one cent per hour and an over-the-year gain of eight cents per hour. Manufacturing employees worked an average of 38.4 hours per week in August, down 0.2 of an hour over the month and 0.5 of an hour since August 2004.
Note: Current month figures are preliminary; prior month and year are revised. Data may not be additive and is subject to revision.
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