|
Snapshot of the Rhode
Island Economy
October 2009
Download (xls)
(pdf)
The statistical data in the Snapshot are subject to monthly and annual
revisions; therefore, the figures
in the current edition should not be compared to those in prior versions of
this publication.
|
|
|
Oct.
2009 |
Sept.
2009 |
Oct.
2008 |
%
Change |
Thru
Oct. |
| Sept
09 |
Oct
08 |
2009 |
2008 |
% Change |
| Labor Force
and Unemployment (1,000s)(Seasonally Adjusted) |
| |
R.I. Labor Force |
569.8 |
570.4 |
566.5 |
-0.1% |
0.6% |
568.1 |
567.9 |
0.0% |
| |
R.I. Employed |
496.1 |
496.3 |
516.5 |
0.0% |
-4.0% |
500.7 |
525.1 |
-4.6% |
| |
R.I.
Unemployed |
73.7 |
74.1 |
50.0 |
-0.5% |
47.4% |
67.3 |
42.8 |
57.4% |
| |
R.I. Unemployment Rate |
12.9% |
13.0% |
8.8% |
-0.8% |
46.6% |
11.9% |
7.5% |
57.4% |
| |
U.S. Unemployment Rate |
10.2% |
9.8% |
6.6% |
4.1% |
54.5% |
9.1% |
5.6% |
63.3% |
| |
|
|
|
|
|
|
|
|
|
| R.I. Insured
Unemployment (as of week of the 12th) |
Average thru week 44
|
| |
Avg. Insured Unemployed |
19,914 |
22,141 |
14,348 |
-10.1% |
38.8% |
23,854 |
15,773 |
51.2% |
| |
Insured Unemployment
Rate* |
4.38% |
4.81% |
3.06% |
-8.9% |
43.1% |
5.25% |
3.37% |
55.8% |
| |
|
|
|
|
|
|
Thru
Oct. |
| Total Jobs at
R.I. Businesses (1,000s)(Seasonally Adjusted) |
2009 |
2008 |
% Change |
| |
Establishment Employment
(Total) |
456.6 |
457.7 |
477.4 |
-0.2% |
-4.4% |
463.3 |
483.6 |
-4.2% |
| |
Natural Resources &
Mining |
0.2 |
0.2 |
0.2 |
0.0% |
0.0% |
0.2 |
0.2 |
0.0% |
| |
Construction |
17.5 |
17.1 |
20.0 |
2.3% |
-12.5% |
17.8 |
20.7 |
-14.0% |
| |
Manufacturing |
42.0 |
42.1 |
46.8 |
-0.2% |
-10.3% |
43.5 |
48.4 |
-10.1% |
| |
Wholesale Trade** |
16.2 |
15.9 |
16.9 |
1.9% |
-4.1% |
16.2 |
17.0 |
-4.7% |
| |
Retail Trade |
45.9 |
46.5 |
48.7 |
-1.3% |
-5.7% |
46.8 |
49.9 |
-6.2% |
| |
Transportation &
Utilities |
10.3 |
10.3 |
10.8 |
0.0% |
-4.6% |
10.5 |
11.0 |
-4.5% |
| |
Information |
9.7 |
9.7 |
10.5 |
0.0% |
-7.6% |
10.0 |
10.7 |
-6.5% |
| |
Financial Activities |
32.2 |
32.4 |
33.4 |
-0.6% |
-3.6% |
32.4 |
33.5 |
-3.3% |
| |
Professional &
Business Services |
51.5 |
51.3 |
53.9 |
0.4% |
-4.5% |
52.0 |
55.0 |
-5.5% |
| |
Educational Services |
22.9 |
23.4 |
23.3 |
-2.1% |
-1.7% |
23.3 |
23.3 |
0.0% |
| |
Health Care & Social
Assistance |
76.3 |
75.8 |
77.1 |
0.7% |
-1.0% |
76.4 |
76.5 |
-0.1% |
| |
Arts, Entertainment &
Recreation |
7.5 |
7.4 |
7.8 |
1.4% |
-3.8% |
7.5 |
8.1 |
-7.4% |
| |
Accommodation & Food
Services |
41.6 |
41.9 |
42.7 |
-0.7% |
-2.6% |
42.7 |
42.9 |
-0.5% |
| |
Other Services |
21.3 |
21.7 |
22.8 |
-1.8% |
-6.6% |
22.1 |
22.8 |
-3.1% |
| |
Government |
61.5 |
62.0 |
62.5 |
-0.8% |
-1.6% |
61.9 |
63.6 |
-2.7% |
| |
|
|
|
|
|
|
|
|
|
| Unemployment
Insurance |
Year
to Date |
|
Regular Claims |
2009 |
2008 |
% Change |
| |
Initial Claims |
6,909 |
6,605 |
6,151 |
4.6% |
12.3% |
98,078 |
75,313 |
30.2% |
| |
Number of Payments |
62,270 |
71,272 |
49,792 |
-12.6% |
25.1% |
965,491 |
636,775 |
51.6% |
| |
Amount of Payments (gross
millions) |
$23.5 |
$26.6 |
$18.2 |
-11.7% |
29.1% |
$357.4 |
$227.5 |
57.1% |
| |
Exhaustions (Final
Payments) |
2,611 |
2,687 |
1,640 |
-2.8% |
59.2% |
29,247 |
16,643 |
75.7% |
| |
|
|
|
|
|
|
|
|
|
Emergency Unemployment
Compensation |
2009 |
Total
EUC Program |
| |
Initial Claims |
4,248 |
4,245 |
1,841 |
0.1% |
130.7% |
34,605 |
52,757 |
| |
Number of Payments |
55,008 |
54,390 |
17,926 |
1.1% |
206.9% |
495,377 |
656,269 |
| |
Amount of Payments (gross
millions) |
$20.5 |
$20.2 |
$6.3 |
1.5% |
225.4% |
$178.2 |
$234.4 |
| |
Exhaustions (Final
Payments) |
1,189 |
1,100 |
- |
8.1% |
- |
11,482 |
11,482 |
| |
|
|
|
|
|
|
|
|
|
Extended Benefits |
2009 |
Total
EB Program |
| |
Initial Claims |
989 |
939 |
1,854 |
5.3% |
-46.7% |
6,827 |
10,270 |
| |
Number of Payments |
12,357 |
12,398 |
6,273 |
-0.3% |
97.0% |
89,339 |
106,603 |
| |
Amount of Payments (gross
millions) |
$4.3 |
$4.4 |
$2.2 |
-2.3% |
95.5% |
$31.3 |
$37.4 |
| |
Exhaustions (Final
Payments) |
659 |
702 |
- |
-6.1% |
- |
4,034 |
4,034 |
| |
|
|
|
|
|
|
|
|
|
| Temporary
Disability Insurance |
|
|
|
|
|
Year to Date
|
| |
Initial Claims |
3,332 |
3,112 |
4,564 |
7.1% |
-27.0% |
35,379 |
39,279 |
-9.9% |
| |
Number
of Payments |
31,325 |
33,587 |
34,326 |
-6.7% |
-8.7% |
305,595 |
372,378 |
-17.9% |
| |
Amount of Payments (gross
millions) |
$13.3 |
$14.1 |
$13.4 |
-5.7% |
-0.7% |
$132.0 |
$146.2 |
-9.7% |
|
|
R.I. Population Trends:
The 2000 Census indicates that Rhode Island's population grew from 1,003,464 in 1990
to 1,048,319 in 2000. According to Census population estimates for July 2008, Rhode Island residents numbered 1,050,788,
reflecting an increase of 2,469 residents from Census 2000, but a drop of about
2,348 from the
July 2007 estimate.
|
Commuting Patterns:
According to the 2000 Census, there were 32,371 more RI
residents working out of state than non-residents working in RI. The number
of RI residents commuting to a job in MA reached 56,138. The represents
11.4% of RI's employed residents and is up from 9.7% in 1990. The number of
Rhode Islanders commuting to a job in CT was 11,315 or 2.3%, up from 1990's
figure of 1.9%. In contrast, the number of MA residents working in RI was
31,506, while the number of CT residents commuting to a job in RI was 3,998.
As of October 2005, approximately 2,210 Rhode Islanders were employed at the nearby Foxwoods casino and
another 350 Rhode Island residents were employed at Mohegan Sun. (Source: RI Economic Development Corp.)
*13-week average expressed as a percentage of
covered employment.
Note: Data for latest month are preliminary. Prior year reflects latest
revision.
|
|
