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Snapshot of the Rhode Island Economy
June 2014

Download (xls)(pdf)
 

 

 

Jun.
2014
May
2014
Jun.
2013
% Change Year to Date
May 14 Jun. 13 2014 2013 % Change
Labor Force and Unemployment (1,000s)(Seasonally Adjusted)
  R.I. Labor Force 559.6 557.8 556.7 0.3% 0.5% 555,108 558,361 -0.6%
  R.I. Employed 515.4 512.2 503.6 0.6% 2.3% 507,675 505,195 0.5%
  R.I. Unemployed  44.2 45.6 53.1 -3.1% -16.8% 47,433 53,167 -10.8%
  R.I. Unemployment Rate 7.9% 8.2% 9.5% -3.7% -16.8% 8.5% 9.5% -10.3%
  U.S. Unemployment Rate 6.1% 6.3% 7.5% -3.2% -18.7% 6.4% 7.6% -15.5%
                   
R.I. Insured Unemployment (as of week of the 12th)

Average thru week 27

  Avg. Insured Unemployed 11,636 14,168 12,326 -17.9% -5.6% 13,918 14,488 -3.9%
  Insured Unemployment Rate* 2.61% 3.19% 2.78% -18.2% -6.1% 3.12% 3.28% -4.9%
              Year to Date
Total Jobs at R.I. Businesses (1,000s)(Seasonally Adjusted) 2014 2013 % Change
  Establishment Employment (Total) 477.1 477.5 472.4 -0.1% 1.0% 476.2 469.7 1.4%
  Natural Resources & Mining 0.2 0.2 0.2 0.0% 0.0% 0.2 0.2 0.0%
  Construction 16.9 17.4 16.1 -2.9% 5.0% 16.7 16.1 3.7%
  Manufacturing 40.9 40.8 39.8 0.2% 2.8% 40.6 39.9 1.8%
  Wholesale Trade** 16.5 16.5 16.6 0.0% -0.6% 16.7 16.6 0.6%
  Retail Trade 47.8 47.3 46.7 1.1% 2.4% 47.1 46.5 1.3%
  Transportation & Utilities 11.1 10.9 10.7 1.8% 3.7% 11.0 10.8 1.9%
  Information 8.8 8.8 9.1 0.0% -3.3% 8.8 9.1 -3.3%
  Financial Activities 33.0 32.3 32.5 2.2% 1.5% 32.4 32.3 0.3%
  Professional & Business Services 61.1 61.2 58.9 -0.2% 3.7% 60.2 58.1 3.6%
  Educational Services 23.3 23.6 24.7 -1.3% -5.7% 24.4 24.0 1.7%
  Health Care & Social Assistance 80.5 80.9 80.6 -0.5% -0.1% 80.6 80.6 0.0%
  Arts, Entertainment & Recreation 9.4 9.2 8.3 2.2% 13.3% 9.2 8.1 13.6%
  Accommodation & Food Services 45.6 46.1 45.4 -1.1% 0.4% 45.9 44.9 2.2%
  Other Services 22.1 22.2 22.7 -0.5% -2.6% 22.6 22.6 0.0%
  Government              59.9 60.1 60.1 -0.3% -0.3% 59.9 60.0 -0.2%
                   
Unemployment Insurance Year to Date
   Regular Claims 2014 2013 % Change
  Initial Claims 7,103 4,072 5,540 74.4% 28.2% 42,827 43,097 -0.6%
  Number of Payments 41,261 37,568 37,459 9.8% 10.1% 329,286 339,435 -3.0%
  Amount of Payments (gross millions) $13.6 $12.5 $12.9 8.8% 5.4% $110.2 $117.1 -5.9%
  Exhaustions (Final Payments) 1,263 1,293 1,164 -2.3% 8.5% 7,954 9,038 -12.0%
                   
Temporary Disability Insurance Year to Date
              2014 2013 % Change
  Initial Claims 3,678 3,971 3,527 -7.4% 4.3% 22,328 19,846 12.5%
  Number of Payments   29,824 29,089 27,329 2.5% 9.1% 174,895 176,573 -1.0%
  Amount of Payments (gross millions) $13.2 $13.0 $11.9 1.5% 10.9% $63.6 $64.0 -0.6%

 

R.I. Population Trends: The 2010 Census indicates that Rhode Island's population grew from 1,048,319 in 2000 to 1,052,567 in 2010, an increase of 4,248 (+0.4%) residents. RI's population had grown by 44,855 (+4.5%) between the 1990 Census and Census 2000.
*13-week average expressed as a percentage of covered employment.
**State calculated estimate.
Note: Data for latest month are preliminary. Prior year reflects latest revision.
 

 
RI Department of Labor and Training
Labor Market Information
Center General Complex
1511 Pontiac Avenue, Cranston, RI 02920

Phone: (401) 462-8740
Fax (401) 462-8766
TTY via RI Relay: 711
 
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