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Snapshot of the Rhode Island Economy
March 2014

Download (xls)(pdf)
 

 

 

 

Mar.
2014
Feb.
2014
Mar.
2013
% Change Year to Date
Feb. 14 Mar. 13 2014 2013 % Change
Labor Force and Unemployment (1,000s)(Seasonally Adjusted)  
  R.I. Labor Force 554.4 552.9 559.0 0.3% -0.8% 552,523 559,524 -1.3%
  R.I. Employed 506.0 503.3 506.0 0.5% 0.0% 502,979 506,148 -0.6%
  R.I. Unemployed  48.5 49.6 53.0 -2.2% -8.5% 49,544 53,376 -7.2%
  R.I. Unemployment Rate 8.7% 9.0% 9.5% -3.3% -8.4% 9.0% 9.5% -6.0%
  U.S. Unemployment Rate 6.7% 6.7% 7.5% 0.0% -10.7% 6.7% 7.7% -13.8%
                   
R.I. Insured Unemployment (as of week of the 12th)

Year to Date

  Avg. Insured Unemployed 16,729 14,830 17,514 12.8% -4.5% 17,104 17,666 -3.2%
  Insured Unemployment Rate* 3.78% 3.35% 3.98% 12.8% -5.0% 3.87% 4.02% -3.7%
             

Year to Date

Total Jobs at R.I. Businesses (1,000s)(Seasonally Adjusted) 2014 2013 % Change
  Establishment Employment (Total) 475.8 476.6 469.4 -0.2% 1.4% 475.9 468.9 1.5%
  Natural Resources & Mining 0.2 0.2 0.2 0.0% 0.0% 0.2 0.2 0.0%
  Construction 16.3 16.2 16.2 0.6% 0.6% 16.2 16.1 0.6%
  Manufacturing 40.6 40.7 39.9 -0.2% 1.8% 40.7 39.8 2.3%
  Wholesale Trade** 16.7 16.8 16.6 -0.6% 0.6% 16.9 16.6 1.8%
  Retail Trade 46.6 46.9 46.2 -0.6% 0.9% 46.8 46.4 0.9%
  Transportation & Utilities 11.0 10.9 10.8 0.9% 1.9% 11.0 10.8 1.9%
  Information 8.7 8.8 9.1 -1.1% -4.4% 8.8 9.2 -4.3%
  Financial Activities 32.1 32.3 32.3 -0.6% -0.6% 32.2 32.1 0.3%
  Professional & Business Services 60.3 60.1 57.9 0.3% 4.1% 59.7 57.8 3.3%
  Educational Services 24.9 25.0 23.7 -0.4% 5.1% 24.9 24.0 3.7%
  Health Care & Social Assistance 80.3 80.5 80.8 -0.2% -0.6% 80.6 80.5 0.1%
  Arts, Entertainment & Recreation 9.3 9.2 8.1 1.1% 14.8% 9.1 8.0 13.8%
  Accommodation & Food Services 45.9 46.3 44.9 -0.9% 2.2% 46.1 44.7 3.1%
  Other Services 23.2 22.9 22.7 1.3% 2.2% 22.9 22.6 1.3%
  Government              59.7 59.8 60.0 -0.2% -0.5% 59.8 59.9 -0.2%
                   
Unemployment Insurance Year to Date
   Regular Claims 2014 2013 % Change
  Initial Claims 5,517 9,240 6,555 -40.3% -15.8% 25,054 25,946 -3.4%
  Number of Payments 73,507 66,657 66,476 10.3% 10.6% 201,188 199,562 0.8%
  Amount of Payments (gross millions) $24.8 $22.4 $23.0 10.7% 7.8% $67.7 $69.1 -2.0%
  Exhaustions (Final Payments) 1,657 1,158 1,602 43.1% 3.4% 4,008 4,551 -11.9%
                 
                   
Temporary Disability Insurance Year to Date
              2014 2013 % Change
  Initial Claims 3,388 3,620 3,115 -6.4% 8.8% 10,768 9,955 8.2%
  Number of Payments   29,040 26,380 29,326 10.1% -1.0% 83,717 89,825 -6.8%
  Amount of Payments (gross millions) $12.9 $11.9 $13.0 8.4% -0.8% $37.4 $39.8 -6.0%
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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