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Snapshot of the Rhode Island Economy
October 2014

Download (xls)(pdf)
 

  Oct.
2014
Sept.
2014
Oct.
2013
% Change Year to Date
Sept. 14 Oct. 13 2014 2013 % Change
Labor Force and Unemployment (1,000s)(Seasonally Adjusted)
  R.I. Labor Force 555.4 555.8 552.0 -0.1% 0.6% 555,686 556,664 -0.2%
  R.I. Employed 514.6 513.4 499.9 0.2% 2.9% 510,335 503,638 1.3%
  R.I. Unemployed  40.9 42.3 52.1 -3.3% -21.5% 45,351 53,026 -14.5%
  R.I. Unemployment Rate 7.4% 7.6% 9.4% -2.6% -21.3% 8.2% 9.5% -14.3%
  U.S. Unemployment Rate 5.8% 5.9% 7.2% -1.7% -19.4% 6.3% 7.5% -16.1%
   
R.I. Insured Unemployment (as of week of the 12th)

Average thru week 44

  Avg. Insured Unemployed 9,639 10,842 10,967 -11.1% -12.1% 12,291 13,067 -5.9%
  Insured Unemployment Rate* 2.15% 2.43% 2.48% -11.5% -13.3% 2.75% 2.96% -7.1%
    Year to Date
Total Jobs at R.I. Businesses (1,000s)(Seasonally Adjusted) 2014 2013 % Change
  Establishment Employment (Total) 476.5 479.1 472.9 -0.5% 0.8% 476.9 470.9 1.3%
  Natural Resources & Mining 0.2 0.2 0.2 0.0% 0.0% 0.2 0.2 0.0%
  Construction 16.4 17.1 16.1 -4.1% 1.9% 16.7 16.1 3.7%
  Manufacturing 40.8 40.8 40.5 0.0% 0.7% 40.7 40.0 1.8%
  Wholesale Trade** 16.3 16.5 16.7 -1.2% -2.4% 16.6 16.7 -0.6%
  Retail Trade 46.7 46.7 46.6 0.0% 0.2% 47.1 46.5 1.3%
  Transportation & Utilities 11.4 11.3 10.8 0.9% 5.6% 11.1 10.8 2.8%
  Information 8.7 8.8 8.8 -1.1% -1.1% 8.8 9.1 -3.3%
  Financial Activities 33.6 33.3 32.2 0.9% 4.3% 32.8 32.3 1.5%
  Professional & Business Services 59.9 61.1 59.2 -2.0% 1.2% 60.6 58.5 3.6%
  Educational Services 24.6 24.9 25.1 -1.2% -2.0% 24.2 24.1 0.4%
  Health Care & Social Assistance 80.4 80.9 80.4 -0.6% 0.0% 80.6 80.5 0.1%
  Arts, Entertainment & Recreation 8.8 9.1 8.7 -3.3% 1.1% 9.1 8.3 9.6%
  Accommodation & Food Services 46.2 45.8 45.0 0.9% 2.7% 45.9 45.0 2.0%
  Other Services 22.6 22.6 22.4 0.0% 0.9% 22.6 22.6 0.0%
  Government              59.9 60.0 60.2 -0.2% -0.5% 60.0 60.2 -0.3%
                   
Unemployment Insurance Year to Date
   Regular Claims 2014 2013 % Change
  Initial Claims 4,741 4,318 5,221 9.8% -9.2% 61,755 65,801 -6.1%
  Number of Payments 30,326 37,894 36,306 -20.0% -16.5% 483,262 519,261 -6.9%
  Amount of Payments (gross millions) $10.1 $12.6 $12.6 -19.8% -19.8% $159.4 $176.6 -9.7%
  Exhaustions (Final Payments) 859 1,067 1,008 -19.5% -14.8% 11,854 13,817 -14.2%
                 
                   
Temporary Disability Insurance Year to Date
  2014 2013 % Change
  Initial Claims 4,391 4,139 3,315 6.1% 32.5% 38,759 33,418 16.0%
  Number of Payments   32,988 33,861 32,586 -2.6% 1.2% 307,362 304,475 0.9%
  Amount of Payments (gross millions) $14.6 $15.0 $14.3 -2.7% 2.1% $136.7 $134.1 1.9%
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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